The Czech currency remained calm against the euro and also vs. the dollar.
The koruna was curbed in the range of 30.380 - 30.515 against the euro all
day and closed at the level of 30.380 in comparison to 30.500 in the
beginning. The USD/CZK stayed between 30.830 - 31.080 and closed at 30.830.
We expect the koruna to stay calm again during today's session due to lack
of important information. The Bank Board of CNB will release minutes from
its meeting held on July 25. We expect the EUR/CZK to move between 30.350 -
30.650 and the USD/CZK should stay in the range of 30.700 - 31.120.
open high low close today (6.8.)
EUR/CZK 30.500 30.515 30.380 30.380 30.390
USD/CZK 30.990 31.080 30.830 30.830 31.090
Martin Kocura, CSOB Investment Research