Czech crown reaches new record against US dollar and euro

The Czech currency, the crown, has continued to break records reaching new all-time highs against both the US dollar and the common European currency, the euro, on Friday. Following negative news regarding the real-estate market in the US the dollar has fallen to 19.08 to the crown. The fall in the dollar on world markets has reportedly led to greater interest in the currencies of emerging markets - this in turn has led to the euro's trading at 27.26 Czech crowns, its lowest rate ever.