Euro trades at under 27 Czech crowns for first time ever

The common European currency has traded below 27 Czech crowns for the first time ever. One euro was valued at 26.94 crowns on Friday afternoon. Some analysts believe the crown will further strengthen towards the euro, and could breach the 26.70 mark in November; in the last twelve months the crown has gained almost five percent against the common European currency. Meanwhile, the crown also reached a new record against the US dollar - it was 18.73 to the dollar on Friday.