Czech crown opens at new life-time high vs euro

...central bank to raise 
interest rates further to contain resurgent inflation. 
    The crown opened at 27.295 per euro  and inched 
further higher to 27.270 by 0707 GMT, above the previous peak of 
27.310 hit on Thursday. 
    "From the technical point of view, the next crown resistance 
is at 27.19. Fundamentally, I do not see a reason for a further 
swift firming in the crown," said David Navratil, analyst at 
Ceska Sporitelna. 
    "It will be difficult for officials at the central bank to 
call for raising rates," he added. 
 

[PRAGUE/Reuters/Finance.cz]