Crown eases against euro, but firms against dollar

The Slovak crown slightly eased (by 2-3 hellers) against its reference currency, the euro, OTP Banka Slovensko dealer Eduard Pracko said on July 10.

Meanwhile, the crown firmed against the US dollar by some 15 hellers, with the reason being the dollar’s significant weakening in relation to the euro.

As of July 10, the Slovak currency began trading at 33.366/385 SKK/EUR. The US dollar fell to 1.3717 USD/EUR, its weakest level since the euro was first introduced on the forex market in 2000.

According to Pracko, the days ahead could see the Slovak crown move within the 33.30 SKK/EUR range, but the economic effects of the collapse of the ruling coalition in Poland on July 10 might push the crown up a bit.

"However, this will only represent a slight delay. Then I expect, after the situation has calmed down, that the crown will continue to strengthen," Pracko added.

Compiled by Zuzana Vilikovská from press reports
The Slovak Spectator cannot vouch for the accuracy of the information presented in its Flash News postings.

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