Czech Crown hits a one month low
It’s not only the dollar/pound/euro that are struggling. Yesterday saw the Czech Crown reach a one month low as news spread that the government and central bank had done a deal which aims to curb the gains in currency. The deal includes freezing any privatisation income and not converting it from Euros, this also includes European subsidies.
The Czech Crown did appreciate by 8.5 between January and March and was the best performer against the Euro. The Crown was at 25.43 to the Euro. yesterday.
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