Crown firms despite coalition crisis

The Slovak crown on November 26 firmed by more than 10 hellers in spite of the lasting coalition crisis, as developments in the Central European region proved more influential. The crown opened at 33.53/56 SKK/EUR and firmed thanks to the positive mood in the region to 33.4 SKK/EUR, Tatra Banka dealer Boris Somorovský said. He added that the no-confidence motion against the Speaker of Parliament Pavol Paška at the special parliamentary session on November 26 might cause the crown to ease.

Against its reference currency, the Euro, the crown closed at 33.42/46 SKK/EUR and, according to Somorovský, it will stay within 33.35-70 per Euro in the upcoming days. Against the US dollar, the crown closed at 22.52/56 SKK/USD, while against its Czech counterpart at 1.248/251 SKK/CZK. TASR

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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