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Crown approaching record levels against euro

The Slovak crown on Wednesday moved within 33.11-24 SKK/EUR, firming by 7 hellers during the day, but not breaking the 33.1 SKK/EUR threshold.

Against the US dollar, the crown closed at 24.03/05 SKK/USD, and against its Czech counterpart at 1.173/174 SKK/CZK.

The 33.1 SKK/EUR threshold appears strong so far, according to Patrik Malec from UniCredit Bank. If it was broken, however, the crown might firm even under 33 SKK/EUR, at which point Malec said he sees the possibility of the Slovak central bank (NBS) intervening.

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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