Analysts expect trend to continue; good news for consumers, travelers
Published:
17 May 2003 y., Saturday
The crown reached a six-year high against the U.S. dollar as the U.S. economy continues to stagnate.
The crown traded at 27.25 Kc to the dollar Friday, May 9, up from 27.20 Kc only two days before.
Analysts attribute the crown's gains to the falling dollar, not to a strengthening of the Czech economy. The dollar fell to $1.152 to the euro as a result of the U.S. Federal Reserve's May 6 decision to leave interest rates unchanged.
The dollar slid still lower in early trade May 12, hitting $1.150, its weakest level against the euro in more than four years.
The dollar lost 3.4 percent against the euro in April. The dollar was worth 33.67 Kc at this time last year.
Šaltinis:
The Prague Post
Copying, publishing, announcing any information from the News.lt portal without written permission of News.lt editorial office is prohibited.
The most popular articles
The European Commission approved an application from Spain for assistance from the EU Globalisation Adjustment Fund (EGF).
more »
The European Commission today reiterated the potential of existing EU-rules on mediation in cross-border legal disputes, reminding Member States that these measures can only be effective if put in place by Member States at national level.
more »
Exports of animals and animal products from the European Union to Russia are expected to receive a boost after five new certificates for exports between the EU and the Russian Federation entered into force on August 15.
more »
World Bank Group President Robert B. Zoellick visited Moldova on August 11-12 at the invitation of Prime Minister Vlad Filat.
more »
These are the financial results of the banking activities of the Danske Bank Group in Lithuania (Danske Bankas and Danske Lizingas UAB).
more »
The European Investment Bank (EIB) today signed its first loan agreement with Armenia.
more »
Given the worsening food crisis in the Sahel, the Commission today agreed to disburse €14.9 million for food security in Niger, the worst affected country in the area.
more »
The European Commission has cleared under the EU Merger Regulation the proposed restructuring of Arnotts' debts in return for a transfer of control to Anglo Irish Bank and Royal Bank of Scotland (RBS).
more »
The European Commission today approved a new financial support package of €135 million for Morocco.
more »
The European Commission is allocating an extra €10 million in humanitarian aid for Liberia.
more »