Current Affairs All down for the crown?
The Czech crown has plunged against the euro and US dollar in recent weeks on fears over the health of the local and Central European economies. It has fallen 10 percent against the euro and 19 percent against the dollar so far this year, making Czech exports cheaper but foreign holidays more expensive. I asked Patria Finance analyst Tomáš Vlk how low the crown can go and whether the slide is good or bad news for the future.
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