Czech crown approaches record high against the euro

The Czech currency has further gains against the common European currency, reaching 29.03 crowns to the euro on Monday morning following fresh data from the United States. The currency is nearing its record high of 28.92 against the euro, which was set in July 2002. Meanwhile, as expected, Prime Minister Jiri Paroubek confirmed on Monday that the government is looking to delay the adoption of the euro by one year, to 2010.

Author: Brian Kenety