Czech Crown under pressure
In last two month, Czech Crown created new record almost each day. Governor of Czech national bank announced that if the development is goint to continue, Czech National Bank will be forced to interfere.
It lead to a short term weakning of Czech Crown, however in these days, the currency comes back to its peaks. This development strenghtens rumours about expected interference of Czech national bank in form of interest rate change.
However, governer expects to change earlies on August. So in these days, Czech Crown could still be good investment opportunity.
Monday 28 July 2008
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