The passage in the first reading of the laws related to the public finance
reform had no significant influence on the EUR/CZK. The koruna firmed
modestly from the opening level of 32.150 to 32.060 at the beginning of
trading. However, the Czech currency started to fall in the afternoon and
closed at 32.150. The USD/CZK exchange rate initiated at 27.950 and reached
the level of 27.850 during morning session. However, it returned to 28.020
at the end of the day. No significant impulses should appear on the Czech FX
market today. The EUR/CZK should move in the range of 32.050 - 32.250, while
it opened at 32.130. Vis-a-vis the dollar, the koruna initiated at 28.030
and should remain between 27.800 - 28.300.
open high low close today (25.7.)
EUR/CZK 32.150 32.180 32.060 32.150 32.130
USD/CZK 27.950 28.120 27.850 28.020 28.030
CSOB, Investmnet Research