Analysts: crown is overvalued and will weaken in coming months

Analysts believe the Czech currency is overvalued and will likely weaken slightly in the next few months, the Czech News Agency reported. The Czech crown has recently been setting new records against both the euro and the US dollar. In the immediate future the crown could make further gains, primarily because of purchases by speculators. But Komerční banka analyst Jan Vejmělek said the current strengthening was not sustainable in the long term.

Author: Ian Willoughby