Czech crown breaks record against dollar, euro

The Czech crown hit a new record against the U.S. dollar on Thursday when it sold below 15 crowns per dollar for the fist time in history. On Thursday afternoon, the Czech currency was trading at 14.95 crowns for the dollar and at 23.76 crowns per euro. Analysts say the record high was caused by a combination of weakening stock markets, soaring oil prices and the weak U.S. dollar; experts also say Thursday’s increase of interest rates by the European Central Bank did not have any effect on the ever-more strengthening Czech crown.