The EUR/CZK was moving in the narrow range of 30.280 - 30.370 on
Wednesday as the trading was calm. The koruna slightly weakened vs. the
dollar due to development on euro-dollar markets. The USD/CZK fell to 31.060
from the level of 30.840 in the beginning of trading and closed at 30.850.
We expects another calm day on EUR/CZK parity, the release of budget deficit
figure should not have a significant impact. The USD/CZK will be under the
influence of euro-dollar markets. We anticipate the EUR/CZK to move in the
range of 30.100 - 30.350 and the USD/CZK should be curbed between 30.650 -
31.100.
open high low close today (1.8.)
EUR/CZK 30.280 30.370 30.250 30.300 30.260
USD/CZK 30.890 31.060 30.885 30.885 31.035
Stepanka Kuzilkova, Investment Research, CSOB