Czech crown firms to lifetime highs vs euro, dlr

09.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech crown firmed to lifetime highs versus both the euro and the dollar in early Friday trade, building on last month's sharp rally as...

...the value of the U.S. currency sagged on global markets.

The crown rose as high as 26.794 per euro by 0950 GMT, breaking the previous record of 26.820 from Oct. 26. It scaled a new peak of 18.18 to the dollar , extending its year-on-year gains to 20 percent.

The crown has rallied 7.4 percent versus the euro since this year's lows in early July, tightening monetary conditions in the open economy and leading investors to scale back their bets on further interest rate hikes by the Czech central bank (CNB). (Reporting by Marek Petrus; Editing by Alan Crosby)

---------------------- MARKET SNAPSHOT ------------------------ Crown Currency Latest Prev Pct change Pct change

close on day in 2007 vs Euro 26.795 26.850 +0.21 +2.63 vs Dollar 18.192 18.278 +0.50 +14.48

Equities PX Index 1,873.6 1,860.9 +0.68 +17.92

Domestic Govt Bonds Latest Prev Yld change Yld change

close on day in 2007

5Y Yield 4.37 4.36 +1 bps +110 bps 10Y Yield 4.57 4.55 +2 bps +86 bps

Mid Yield Spreads (in bps) Spd change Spd change

on day in 2007

5Y vs +42 +0 +3 +106 10Y vs +45 +42 +3 +69 --------------------------------------------------------------- All data taken from Reuters at 0955 GMT. Currency percent change and yield change calculated from prior domestic close at 1500 GMT.

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--------ECONOMIC DATA RELEASES (double click to access)-------- LIVE Czech economic data releases INSTANT VIEWs on Czech economic data [CZ/INSTANT] Factors To Watch in Czech Republic [nCZECH]

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| | | | | --------------------------------------------------------------- Keywords: MARKETS CZECH CROWN RECORD

[PRAGUE/Reuters/Finance.cz]

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