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Crown already trading at over Sk34/euro

The Slovak crown weakened at the start of the week, trading over Sk34 per euro for the first time in more than three months, it was reported on September 24.

In the morning, the Slovak currency began against its reference currency, the euro, at 34.02/04 SKK/EUR, and eased for the rest of the day. The reason for the closing gap is concerns that Slovakia could fail to adopt the euro as of January 1, 2009.

This lack of confidence gradually weakened the currency to Sk34.17 per euro. However, later on, the crown regained most of its losses, trading at 34.05/06 SKK/EUR. The crown moved against the US dollar at 24.15/16 SKK/USD towards the end of trading and against the Czech currency at 1.236/237 SKK/CZK. TASR

Compiled by Zuzana Vilikovská from press reports
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