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Czech crown leads gains as central bank chief flags rate hike

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The crown rose on Tuesday after the governor of the Czech central bank (CNB) said rates may rise sooner than expected, while Central Europe’s other currencies also mostly firmed as fears about Italy’s future in the euro zone receded. But the Polish zloty, after initially leading the rise, gave up all its gains as the dollar resumed its firming, hitting a three-month high against the euro.

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