Dollar drops against East European currencies
In early deals on Friday, the dollar edged lower against its East European counterparts. While the dollar declined to a 10-day low against the Polish Zloty, it touched 2-day lows against the currencies of Czech, Slovak, Estonia and Hungary. On the other hand, the dollar jumped to a 1-week high versus the Turkish lira during this time.
The US currency fell to a 2-day low of 16.2425 against the Czech Koruna in early deals on Friday at 2:05 am ET. The pair is now worth 16.2620, compared to Thursday´s closing value of 16.3340.
During early trading on Friday, the dollar trended lower versus the Slovak Koruna. At about 2:05 am ET, the pair touched a 2-day low of 20.6840. The pair that closed Thursday´s deals at 20.8050 is currently quoted at 20.7220.
Slovak industrial production grew 1.8% year-on-year in March, down from 12.5% growth in February, the Statistical Office of the Slovak Republic revealed today. During the first quarter, industrial output climbed 7.4% as compared with the same period of 2007.
Against the Estonian Kroon, the dollar edged down during early deals on Friday. The pair hit a 2-day low of 10.0990 by about 5:05 am ET, compared to 10.1640 hit late New York Thursday. As of now, the pair is trading at 10.1168.
Continue reading "Dollar drops against East European currencies" »










Recent Comments