Crown continues to weaken

The Slovak crown fell to its weakest level this year against the euro, its reference currency, as investor sell-offs of the currency following warnings it was overvalued booted the crown over 43.3 to the euro.

Dealers also said the movement was due to low liquidity on the market, to the coming elections and the fact the government appeared not to be reacting to fears of a substantial fiscal deficit overshoot.

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

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