Czech crown hits new high ahead of c.bank meeting

28.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Czech crown firmed to a new all-time high versus the euro on Wednesday ahead of a central bank meeting which may bring an interest rate...

...rise, dealers said.

The crown firmed to as high as 26.425 to the euro , up from the Nov. 9 high of 26.530, before dipping back to 26.45 at 1053 GMT. It had closed domestic trading around 26.71 on Tuesday.

"We went through 26.500. There was solid interest from London to sell (euros)," said Miroslav Tutter, a senior dealer at bank CSOB.

"The market is squeezed, very nervous ahead of tomorrow's central bank meeting. Nobody wants to buy anything." (Reporting by Jan Lopatka; editing by Alan Crosby)

Keywords: CZECH CROWN/RECORD

[PRAGUE/Reuters/Finance.cz]

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