(Bloomberg) -- The Czech koruna fell for a sixth day
as speculation the central bank will keep interest rates
unchanged at the lowest in the European Union this week attracted
carry-trade investors.
The Czech koruna, used by investors as a funding currency
for investments in higher-yielding assets elsewhere, slid to a
15-month low against the euro. The Czech benchmark rate is now at
2.75 percent after a quarter-point boost last month and will
probably be kept on hold at the central bank's meeting on June
28, according to a Bloomberg survey of economists.
Read more at Bloomberg Currencies News
as speculation the central bank will keep interest rates
unchanged at the lowest in the European Union this week attracted
carry-trade investors.
The Czech koruna, used by investors as a funding currency
for investments in higher-yielding assets elsewhere, slid to a
15-month low against the euro. The Czech benchmark rate is now at
2.75 percent after a quarter-point boost last month and will
probably be kept on hold at the central bank's meeting on June
28, according to a Bloomberg survey of economists.
Read more at Bloomberg Currencies News
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