The Czech koruna declined today as the nation’s economy remained in recession. Combination of the domestic weakness and the problems of the eurozone, which hurt prospects for Czech exports, suggests that the economy will not return to growth soon.
Czech Koruna CZK
The Czech koruna is the official currency of the Czech Republic. It replaced the Czechoslovak koruna in 1993 after the dissolution of Czechoslovakia. The government planned to introduce the euro instead of the nation’s currency, but the plan was suspended as the major part of the country’s population is against such change.
Czech Koruna News Archive
February 14th, 2013 at 15:08
December 20th, 2012 at 3:27
The Czech koruna fell today after the Czech central bank left interest rates unchanged yesterday and analysts speculated that it may weaken the currency to support the declining nation’s economy.
November 01st, 2012 at 22:22
The Czech koruna remained firm even after the nation’s central bank cut its key two-week repo rate to the record low. The central bank predicted that the economy will contract this year, but will return to growth next year.
October 08th, 2012 at 14:50
The Czech koruna slipped today on speculations that tomorrow’s report will show inflation rising slower than estimated by the nation’s central bank as the European crisis and the domestic spending cuts deterred economic growth.
August 30th, 2012 at 16:16
The Czech koruna dropped today on worries that the government would not be able to implement measures for reducing the nation’s budget deficit because of the political opposition.
August 24th, 2012 at 14:41
The Czech koruna weakened today on speculations that the nation’s central bank would be forced to cut its interest rates amid global economic slowdown that threatens to damage the Czech economy.
June 29th, 2012 at 14:31
The Czech koruna rallied today, profiting from the general positive sentiment on the Forex market, even after the Czech central bank decided to lower interest rates.
June 28th, 2012 at 11:02
The Czech koruna fell today on speculations that the nation’s central bank would cut interest rates as problems in the European Union led to a recession in the Czech Republic.
March 30th, 2012 at 0:18
The Czech koruna rose today even after the Czech National Bank kept its two-week repurchase rate unchanged yesterday on concerns that the global economic slowdown will hurt demand for nation’s exports.
January 06th, 2012 at 22:37
The Czech koruna declined today to the lowest level since July 2010 after minutes of a central bank’s policy meeting showed that policy makers anticipated slower economic growth in the country.