Czech Crown reaches a new record high at 28.88 to euro

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Crown broke the level of 29 crowns per euro, graph: CTK
The Czech currency reached a new record high on Wednesday, breaking the level of 29 crowns per euro. Trading opened on Wednesday with the exchange rate of 28.88 crowns per euro and closed at 28.94 crowns per euro. Dealers say the strengthening of the crown has been caused by large purchases of crowns by clients rather than by favourable inflation figures for June. The crown was the only currency to strengthen in the Central and East European region as the Polish zloty and Hungarian forint posted significant losses earlier this week.