Czech Crown falls a bit after years of strengthening

The Czech currency strengthening paused for a moment, after a season of reaching new heights it got back from 23 to 23,50 per Euro. Behind such a sudden fall is the speech of the governor of the Czech National bank Zdenek Tuma. He said for Bloomberg agency, that because of strong currency the interest rates are probably going to be lowered in August. The crown immediately weakened.

Czech Crown have strengthened by incredible 23% to Euro during the last half year. Strength, which brakes inflation because of lowering of costs of import influences also salaries and fuels.
It bring problems to Czech economy; Skoda Auto announced that even when they sold more cars, their gross profit decreased of 13,2 percent.

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