Mediafax (Mediafax)
Currencies  |  June 27, 2011 17:50:06

Crown erase daily losses, returned to 24.40 CZK / EUR


PRAGUE (MEDIAFAX) - The Czech crown, while during Monday's trading weakened to 24.47 CZK / EUR at the end, the losses zkorigovala about the Friday closing level of 24.40 CZK / EUR. This follows from the data server Patria Online.

"The Euro found support and turned during the day against the dollar jumped to 1.4265 USD / EUR. Move mainly market speculation about the future of Greece and currently prevailing view that the savings be enforced and the country will avoid bankruptcy, "said Thomas Wolf, an analyst at Patria Finance. According to him, helped also report on the agreement of French banks to be involved in the rescue program and a longer statement of Chinese Premier to continue buying European debt."The new U.S. data showed a slightly lower personal income and expenditure than expected on the market but had no noticeable effect," said an analyst.

"During the day, gradually improved the mood and the events which began to grow. Central European currencies react and erased its morning losses. Although the Crown approached 24.50 level, but at the end of the euro traded below 24.40. From home no significant news did not come, "said Wolf.

For other currencies in the region, the Hungarian forint strengthened to 268.3 HUF / EUR (269.4 on Friday), the Polish zloty has slightly weakened to 3,996 PLN / EUR (Friday 3990).

Crown as compared to the dollar improved their sales from Friday 17.21 to 17.10 CZK / USD.

Tomas Cizek,

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Koruna smazala denní ztráty, vrátila se na 24,40 CZK/EUR

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