Czech Koruna Edges Down Against Dollar
August 25 2009 - 10:47AM
RTTF2
Tuesday during early deals, the Czech koruna weakened against
the U.S. dollar despite a report showed that the Czech consumer
confidence improved in August.
The Czech consumer confidence indicator increased to 83.6 in
August from 82.8 in July, a report by the Czech Statistical Office
said. A year earlier, confidence indicator was 95.6.
At the same time, industrial confidence increased to 76.7 in
August from 76 in July. But, the confidence indicator in
construction, trade, services confidence decreased in August.
Meanwhile, the economic sentiment indicator or composite
indicator dropped to 78.4 in August from 79.1 in July. In addition,
the business confidence indicator decreased to 77.3 in August from
78.3 in July. The confidence indicator was 98.9 in a year ago.
At present, the Czech koruna is worth 17.82 per dollar with
17.98 seen as the next target level. The dollar-koruna pair closed
yesterday's North American session at 17.78.
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