Czech crown broadens gains, peaks vs euro and dlr

19.10.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech crown broadened gains in afternoon trade on Friday to hit life-time highs versus both the euro and the dollar, gaining strength from a...

...robust economy that has highlighted the currency's safe haven qualities.

The crown firmed as high as 27.195 against the euro, above the previous record of 27.310 hit on Thursday. It peaked at 18.989 bid to the broadly weak U.S. dollar. It traded at 27.240 per euro and 19.030 to the dollar by 1255 GMT.

"The crown has joined the fundamentals which are supportive of its gains," said one Prague-based dealer with a major bank.

"The break of the 27.400 psychological level -- constituting the crown's high from last year -- added momentum," he added.

[PRAGUE/Reuters/Finance.cz]

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