PRAGUE (THOMSON FINANCIAL) - The Czech koruna (crown) hit a record high against the dollar after the US currency fell through the 19.50 koruna/dollar threshold to trade at 19.49 koruna per dollar.
'The koruna is shadowing the euro's gains against the dollar,'
said David Marek of the Prague brokerage Patria.
Higher inflation fears twinned with worries about a slowdown in the economy and interest rate cuts were hurting the dollar, Marek added.
The Czech currency was stable against the euro at around 27.50 koruna per euro, after hitting an all-time high against the euro last week.
Czech president Vaclav Klaus said in an interview Saturday that the fundamentals of the Czech economy do not at present favour the adoption of the euro.
Source: forexfactory.com
Tags: forex,foreigne xchange,currency,euro,usd
0 comments:
Post a Comment