Czech crown scales lifetime peak vs euro

06.11.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

PRAGUE, Nov 6 (Reuters) - The Czech crown firmed to a lifetime peak against the euro in morning trade on Monday, driven by buoyant investor sentiment toward central European emerging markets.

The Czech currency hit 27.930 per euro <0#EURCZK=> by 0940 GMT, and then firmed further to touch 27.920 at 0945 GMT, breaking a previous record high of 27.950 posted in mid-August.

The neighbouring Slovak crown also climbed to an all-time high in morning trade.

"It is all about regional sentiment," said Miroslav Tutter, senior currency dealer at CSOB bank.

Central European currencies have benefited from U.S. data pointing to a gentle slowdown in the world's biggest economy rather than a rapid slump that could undermine emerging market economies, as well as expectations that the Federal Reserve is unlikely to raise rates any further. ((Reporting by Marek Petrus; Editing by Alan Crosby; Reuters Messaging: rm://marek.petrus.reuters.com@reuters.net; e-mail: prague.newsroom@reuters.com or marek.petrus@reuters.com; Tel: +420 224 190 477))

Keywords: MARKETS CZECH CROWN RECORD

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