Crown breaks another record against euro

The Czech crown broke a new record on Monday morning, when it traded at a rate of 22.96 crowns per Euro. The crown later settled at around 23.00 crowns per Euro. The crown has strengthened by more than 11 percent since the beginning of the year, gaining almost 19 percent over the past 12 months. Czech exporters have warned that the continuing rise of the crown will undermine the economy's still solid growth.