Wednesday, May 9, 2007

Czech Koruna Gains, Snaping Three-Day Losing Streak, on Evidence of Growth

(Bloomberg) -- The Czech koruna gained versus the euro, snapping a three-day losing streak, on evidence the country's economy is continuing to expand.

The koruna rallied from its lowest in more than two months after a report showed the country's trade surplus widened by more than economists expected in March. The currency also gained before data tomorrow that's forecast to show inflation quickened to its fastest pace since September.


Read more at Bloomberg Currencies News

No comments: