Czech crowns breaks record against US dollar

The Czech crown was trading at 16.99 crown to the US dollar on Thursday afternoon, breaking the 17-crown mark for the first time in history. Analysts believe the record gain of the Czech crown against the US dollar has been caused by the weakening US currency following the pessimistic outlook on the state of the American economy published on Wednesday by the US Federal Bank. At the end of Thursday’s trading, the US dollar strengthened to 17.02 crowns against the dollar.

Author: Jan Richter