TNBiz (TNBiz)
Markets  |  October 04, 2010 17:15:05

Friday's gains corrected Crown, fell to 24.52 CZK / EUR


PRAGUE (MEDIAFAX) - The Czech crown during Friday's gains Monday corrected, trading closed at 24.52 CZK / EUR, compared with Friday's finish (24.43) means weakening by 0.4 percent. This follows from the data server Patria Online.

"The impact of falling equity markets caused the crown to retreat to 24.50 per euro level and give up part of Friday's gains. Today was not at home important messages. The weakening of the crown was gradual and milder than the Polish zloty. This comment did not help neither representative inviting central bank to raise interest rates and designating the Polish currency undervalued, "said Thomas Wolf, an analyst at Patria Finance.

The Polish zloty weakened to 3,961 PLN / EUR (Friday 3942). On the contrary, the Hungarian forint was able to reclaim 273.2 HUF / EUR (273.8 on Friday). "Today managed forint strengthened slightly after the weekend municipal elections," said Wolf.

Dollar input into the new week a success. During the day progresses to 1.3680 per euro, which corrects for their losses. "So far, however, did not secede from the rate of growth zone. Data from overseas was generally positive. Industrial orders, although slightly lagged behind expectations, the number for the previous month but was revised upward. The number of home sales rozjednaných was better than expected. Large numbers but had no effect on the markets, "added the analyst. Krona against the dollar weakened to 17.71 Friday 17.92 CZK / USD.

Tomas Cizek,

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