Czech koruna gaining against euro at fastest rate since 2008
The Czech koruna is rallying against the euro at a rate not seen since June 2008, just in the nick of time for Christmas. From the start of November, the Czech Republic’s currency went from 27.18 to 26.16 CZK per euro, or a gain of about 4%. Štěpán Hájek, an analyst from Purple Trading, told iDnes.cz that if the koruna can hold its pace till the end of November, this will be the biggest monthly gain against the euro in 12 and a half years. The analyst cites positive vaccine news, as well as a shift out of safe havens like the USD and euro as driving up the koruna. “The markets have so far experienced the largest rotation fromContinue Reading