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Crown falls sharply against euro

The Slovak crown on June 6 fell to 40 basis points to 44.30 against the euro, its lowest level since 1999, as market fears over the direction of the economy and coming elections continued. Investors bought euros heavily against the background of rising fiscal and trade deficits, and the inability of the cabinet to curb them.

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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