Crown hits new maximum despite NBS warning

ALTHOUGH Slovakia's National Bank (NBS) made a verbal warning that preventative measure would be taken to stop the crown rising too quickly, the Slovak crown broke the 38.3 threshold Friday, reaching a new historical high of 38.28/31 SKK/EUR, the news agency TASR reported.

The rate of the crown is expected to go even higher against the euro, though stay somewhere between 38.2 and 38.4 SKK/EUR.

Against the Czech crown, Slovakia's currency firmed to 1.268/270 SKK/CZK, while it slightly eased to 29.45/49 SKK/USD against the U.S. dollar.

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

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