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Wednesday, November 21, 2007

Forex - Central European currencies trade losing as investor desire falls

Central European currencies traded lesser today as fall on global stock markets cooled investors' appetite for up-and-coming currencies; whereas the Czech crown in brief inched past the psychosomatic 18 to the dollar mark before give way to the market's mood.

Stock exchanges in Prague, Budapest and Warsaw were all lesser in the morning, and dealers thought signals from Czech and Polish politicians that they are likely to delay acceptance of the euro extra into the next decade also weighed on investor attitude. Against the euro, the Czech crown chops down around 0.4 pct to 26.77, while Poland's zloty gone around 0.3 pct to the euro to trade at 3.682. Dealers thought it may head toward 3.70 previous to positions are cleared out sufficient for a fresh progress top.

Refer: http://www.forbes.com/markets/feeds/afx/2007/11/21/afx4362872.html

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