TNBiz (TNBiz)
Currencies  |  December 13, 2011 17:55:05

The crown on Tuesday, strengthened by 0.26 percent to 25,641 CZK / EUR (December 13, 2011)


PRAGUE (MEDIAFAX) - The Czech crown during Tuesday's trading against the euro strengthened slightly by 0.26 percent to 25,641 CZK / EUR. This follows from the information server Patria Online.

Compared with the U.S. dollar but crown lost 0.65 percent to 19,619 CZK / USD.

"Crown to hold around 25.65 euro. Attempt to strengthen the Czech currency came out during the day, on the other hand, resisted the decline as the euro and the report on the worsening outlook for the Czech rating from Fitch. Compared to yesterday, today did not finish so important change of course. Within the region are best managed forint, which has strengthened. it supported the statement of the Government to negotiate with the IMF. Hungary could be said to agree 3-4 years' contract guaranteeing 15-20 billion euros in loans for any need, "said an analyst at Patria Finance Thomas Wolf.

Also, according to analyst Martin Prokop Next Finance crown uses only momentary thaw in market sentiment and the euro strengthened slightly to 25.60 CZK / EUR. "But it's negligible movement. Already in the first half of 2012, she was pulling on the values ??of the weaker against the euro. In the second half of next year, the course will probably calm down in order to achieve the fourth quarter at an average of 25.20 CZK / EUR" Prokop estimated.

Eurodollars weakened even more, by 0.87 percent to 1.3072 USD / EUR.

"The euro is held during the day at 1.32 against the dollar, but then headed down and now is moving to 1308. The movement is partly a result of the upcoming Fed meeting. Changing rates or special tools you can hardly expect the Fed will also maintain liability rates unchanged for another year and a half.A minor change may come in the assessment of the economy, which could be a little optimistic and dampen expectations of further monetary stimulus. Such a tone would help the dollar. The main part of the afternoon slump, but the course has been responsible for the report from Germany. According to sources from the government, Chancellor Merkel to increase rescue mechanism ESM. Opposition comes before the EU had a chance to assess, there are sufficient resources to rescue. In the markets regarding the sufficiency, there is considerable skepticism and information from Germany are taken as negative, "said analyst Wolf.

Prokop is on the further development of the course Eurodollars very skeptical. "Tough Guys from dealing bank should include in their calculations of risk facing Europe, and therefore they should run away from risky assets.In the fourth quarter of 2012 with expected average exchange rate of 1.19 USD / EUR, "Next Finance analyst predicts.

Filip Sušanka, susanka@mediafax.cz

Was this article: 10 | 8 | 6 | 4 | 2 | 0


Last news from the section Currencies:

Út 14:29  Kurzovní lístek ČNB na úterý 18.12.2018 Redakce (Kurzy.cz)
Út 14:17  Itálie musí snížit rozpočet o 2,5 - 3 mld. EUR STOX.CZ (Grant Capital)
Út 12:57  Významná novela zákona č. 277/2013 Sb., o směnárenské činnosti JUDr. Lumír Schejbal (SCHEJBAL&PARTNERS)
Út   8:39  Vývoj na devizovém trhu – ranní zprávy 18.12.2018 Akcenta (AKCENTA CZ)

Read also:

December 13, 2011Kurzovní lístek ČNB na úterý 13.12.2011 Redakce (Kurzy.cz)

Koruna v úterý posílila o 0,26 procenta na 25,641 CZK/EUR (13.12.2011)

Diskuze a názory uživatelů na téma: Koruna v úterý posílila o 0,26 procenta na 25,641 CZK/EUR (13.12.2011)

Na dané téma nejsou žádné názory.

Zobrazit sloupec 
Moner | ISIN database | Weather forecast
Česká verze
Kurzy.cz - Akcie cz, kurzy měn, forex, zlato.
Favorite: Prague Stock Exchange Czech crown Czech economy Commodities Gold Trademarks Prague Weather

Copyright © 2000 - 2018

Kurzy.cz, spol. s r.o., AliaWeb, spol. s r.o.,

ISSN 1801-8688