Czech crown reaches new record against US dollar and euro

The Czech currency the crown reached all-time highs against both the United States dollar and the common European currency on Thursday. Following negative news regarding the real-estate market in the US the dollar fell to 19.14 to the crown. The fall in the dollar on world markets reportedly led to greater interest in the currencies of emerging markets - this in turn led to the euro trading at 27.37 Czech crowns, its lowest level ever.