Crown hits record high against dollar

The Czech crown hit a record high against the dollar on Monday after the US currency fell through the 19.50 crown-per-dollar threshold to trade at 19.49 crowns per dollar. Economists said higher inflation fears twinned with worries about a slow down in the economy and interest rate cuts were behind the slide. The Czech currency was stable against the euro at around 27.50 crowns with no major changes expected ahead of the meeting of the national bank board on Thursday.