Wednesday, 18 June 2008

Czech crown breach new record to Euro


Czech crown breach new record to Euro

For the first time in its history, Czech crown get to level below 24 CZK for one Euro. Currently, there are no external reasons for development of czech crown. It is lead by speculative trades.

Czech National Bank usually does not interfere to development of exchange rates on Czech markets, so Czech crown development is fully in hanbs of speculants, so it seems to be good opportunity for some trades.

Most of czech analysts expects Czech crown on level of 25 - 25,5 CZK in 6 months time, but now it seems to be good time for investment in Czech crown.

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