It started in two waves, by midday it stopped just below the 33.30 limits when started at 33.195. Late in the afternoon it went on weakening to a new maximum at 33.365 after CNB governor press conference, Mr. Tuma did not see any problem in a weak Czech currency. Therefore the tendency to the koruna weakening may continue. The rate USD/CZK opened at 26.600 yesterday and closed at 26.920. It opened at 26.865 today and should stay in a range of 26.65 and 27.05. The rate EUR/CZK began at 33.315 on Friday and should move between 33.21 and 33.41.
CSOB, Investment research