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Crown hits new record strength

The Slovak crown set a new record strength of 41.26 to the euro on a wave of speculative buying after the Fitch rating agency awarded Slovakia investment status, drawing a warning from the central bank that the crown was stronger than economic fundamentals warranted.

The crown/dollar rate, at 41.5, is also the lowest it has been since February 2000.

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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