The EUR/CZK was curbed in the narrow range of 31.100 - 31.300 and closed at
31.200. The market continued recovering from the effect of flooding. The
trading was volatile. The koruna opened at the level of 31.650 against the
dollar and closed at 31.730.
We expect the trading to return back to normal
in forthcoming days. The financial assistance from abroad will have to be
converted into korunas and it might cause firming of the koruna. Czech
statistic office won't release any data in following weeks due to flooding.
We expect the EUR/CZK to move in the range of 31.150 - 31.350 today, the
USD/CZK should remain between 31.600 - 32.000.
open high low close today (19.8.)
EUR/CZK 31.270 31.310 31.100 31.230 31.250
USD/CZK 31.890 31.950 31.650 31.730 31.700
Stepanka Kuzilkova, Investment Research, CSOB