Czech crown strengthening due to developments on global markets

The strengthening of the crown against the euro and the dollar to the strongest levels since February this year is mainly due to developments on global markets and a change in investors' attitude towards riskier assets, which include the Czech currency, according a poll among economic analysts. According to experts, the further development of the crown will depend on the actions of central banks in the EU and the US. Since the beginning of November, the crown has strengthened by 5.9 percent against the US dollar and had appreciated by 0.67 percent against the euro.