Monday, October 29, 2007

The strongest is Czech currency Koruna.

Czech Koruna already passed psychological resistance level 27 CZK for 1EUR. Against USD rate is 18,72. Currency is gaining from good sentiment in region of Central and Eastern Europe. Those countries are seen as resistant against slowing US economy and credit markets turmoils. The positive things I see are postponing Czech interest rates hike and cheaper oil for Czech companies.


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