Czech Koruna Slips Against Dollar
15 September 2009 - 12:33PM
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The Czech koruna declined to 17.4480 against the US dollar in
early deals on Tuesday. On the downside, 17.476 is seen as the next
target level for the Czech currency. The dollar-koruna pair closed
Monday's North American session at 17.4350.
The Czech Statistical Office announced today that the producer
price index or PPI decreased 5.1% year-on-year in August, compared
with a 4.9% fall in the previous month. This was the sixth biggest
annual fall in a row since the series started 1991. Economists were
looking for a decline of 5.3%.
On a monthly basis, the PPI increased 0.2% in August, after
falling 0.4% in July.
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