Estonian Kroon Plunges To 15-day Low Against US Dollar
29 September 2009 - 4:55PM
RTTF2
Extending yesterday's downtrend, the Estonian currency showed
weakness against its US counterpart in early trading on Tuesday.
The Estonian kroon slumped to a 15-day low of 10.7622 against the
greenback by 6:40 am ET, compared to 10.679 hit late New York
Monday. The pair is presently worth 10.75 with 10.79 seen as the
next target level.
The Estonian kroon is pegged to the European single currency
since January 1, 1999. The reference rate for the euro-kroon pair
is at 15.6466.