The Czech currency firstly softened vs. the euro during the morning session
from 31.470 to 31.590. However, the EUR/CZK exchange rate returned back
later and closed at the level of 31.440. Against the dollar the koruna was
curbed between 27.300 - 27.450 all day long and closed at 27.320 at the end
of the day.
Industrial production figure is released today. We don't expect
a significant impact on the EUR/CZK. The EUR/CZK exchange rate should move
in the range of 31.350 -31-550 today and opened at 31.455. Vis-a-vis the
dollar, the koruna opened at 27.380 and should not leave 27.100 - 27.500
brackets
open high low close today (14.5.)
EUR/CZK 31.470 31.590 31.420 31.440 31.455
USD/CZK 27.410 27.450 27.300 27.320 27.380
Martin Kocura, Investment Research, CSOB