TNBiz (TNBiz)
Currencies  |  June 13, 2011 12:00:07

The crown strengthened to 24.11 CZK / EUR


PRAGUE (MEDIAFAX) - Czech currency began trading Monday slight gains currently (11:50) in the range of 24.11 CZK / EUR, compared with Friday's finish (24.20) means strengthening by 0.35 percent. This follows from the data server Patria Online.

"Crown on Friday lost along with negative developments in the world that is over the region. The introduction of a new week, the Czech currency returns to stronger levels against the euro and traded at 24.11, "said Thomas Wolf, an analyst at Patria Finance. "Equity markets have stabilized in Europe and today we see a mixed development. No new data from the region to interfere with commerce, "said an analyst.

Eurodollars in the range of 1.4350 USD / EUR. "New impulses are currently lacking. Consensus on Greece are still looking for tomorrow's scheduled another meeting or the Eurogroup of eurozone finance ministers. Important for the market will also comments indicating any shift in the position of Germany or the ECB, "said Wolf. According to him, will also be a key topic of major economies slowing. "Today, but not on the agenda of any new data, the market in this respect could also wait for tomorrow, when the Chinese set of published data and the numbers will come from the U.S.," added the analyst.

Crown as compared with the dollar slightly improved their sales from Friday 16.87 to 16.79 CZK current / USD.

Tomas Cizek,

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