(Bloomberg) -- The Czech koruna rose for a second
week versus the euro, its first back-to-back advance this year,
after the country posted a higher-than-expected trade surplus and
on signs inflation is accelerating.
The koruna rose to a seven-week high after a report this
week showed the Czech trade surplus widened to 6.9 billion koruna
($335 million) in May, a record for the month that beat the
median estimate of 5.3 billion koruna in a Bloomberg survey. The
statistics office said July 11 price growth quickened to 2.5
percent in June, which may prompt the central bank to raise
interest rates this month.
Read more at Bloomberg Emerging Markets News
week versus the euro, its first back-to-back advance this year,
after the country posted a higher-than-expected trade surplus and
on signs inflation is accelerating.
The koruna rose to a seven-week high after a report this
week showed the Czech trade surplus widened to 6.9 billion koruna
($335 million) in May, a record for the month that beat the
median estimate of 5.3 billion koruna in a Bloomberg survey. The
statistics office said July 11 price growth quickened to 2.5
percent in June, which may prompt the central bank to raise
interest rates this month.
Read more at Bloomberg Emerging Markets News
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