Czech crown extends gains to new peaks vs euro,dlr

...out of dollar assets and pouring into the safe haven of the Czech currency.

The crown firmed as high as 26.895 per euro , having earlier in the day charted for the first time ever territory on the strong side of the 27 figure. It reached a peak around 18.69 to the dollar .

By 1417 GMT, the crown traded half a percent stronger on the day at 26.910 to the euro. It has gained 2.4 percent since its appreciation wave began in mid-October.

"The crown could still attack new highs, if the scenario of our Societe Generale colleagues is fulfilled that the dollar will weaken further against the euro," said Jiri Skop, analyst at Komercni Banka, the Czech unit of France's Societe Generale.

[PRAGUE/Reuters/Finance.cz]