Currencies  |  November 10, 2012 08:04:55

Czech koruna halt slump


Currency pair USD / CZK keep you on Friday, at moderate volatility, its value. While early November, the Czech crown ever failed, on Wednesday afternoon, the course pair, after a substantial movement in the U.S. dollar, halted before the level of 19,900. On Thursday, he then managed to break this level and get to the level of 20,000. He even slightly above. Business Week concluded with crown rate 19945.


Currency pair EUR / CZK is doing similarly. Only began to decline significantly crown the 18th October. The end of the week but in the spirit of halting the growth of the euro, but with considerably greater volatility than the pair USD / CZK.


The crown is riding with other Central European currencies and the published, predominantly negative macroeconomic data. European Commission lavish black scenario predicts a decline in the Czech economy nearly 1.5 percent. The Ministry of Finance calculates the economic slump considerably lower in the order of one percent. The European Investment Bank and the European Bank for Reconstruction and Development, together with the World Bank agreed to support Central and Eastern European countries, the amount of 30 billion euros.

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