Czech crown setting a new record to USD
The Czech crown opened at an all-time high to the dollar today, at Kc17.48/USD, on the dollar’s fall in world markets, Patria Online server said.
Before 10:00 a.m. the crown weakened slightly to Kc17.51/USD. The unit is trading at Kc25.88/EUR, 6 hellers away from its record high to the euro.
The dollar started to lose already on Thursday after US central bank chairman Ben Bernanke suggested that the bank could cut interest rates by half percentage point at the end of January. The dollar is now traded weaker at around USD1.479/EUR in global markets.
“We fear that the worst is not over yet for the dollar. Testing of USD1.50/EUR within a single month is very likely,” Next Finance analyst Vladimir Pikora said.
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