Czech crown hits lifetime peaks for 3rd session

22.10.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech crown firmed to life-time highs against both the euro and the dollar for a third straight session on Monday, drawing support from a...

...robust economy which has made it a relatively safe haven for investors.

The crown opened at 27.170 per euro , breaking the previous high of 27.195 seen on Friday. It rose as high as 18.89 against the broadly weaker dollar , according to Reuters data.

"The move is partly technical ... People want to see the euro/crown go lower (crown firm against the euro). The market could be testing the 27 per euro level," said one Prague-based dealer with a major international bank.

[PRAGUE/Reuters/Finance.cz]

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