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Crown hits 4-year high, rate hike bets weigh on bonds

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The Czech crown hit a four-year high and the zloty tested 3-month highs against the euro on Wednesday as Polish retail and industrial data confirmed robust economic growth in central Europe. The crown firmed past 25.7 for the first time since the central bank in late 2013 launched an intervention regime to keep the currency week. Of the bonds offered by the Czech government at its auction on Wednesday, there were no sales of zero-coupon paper.

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