Monday, July 9, 2007

Slovak Koruna Gains Versus Euro on Quicker-Than-Forecast Industrial Growth

(Bloomberg) -- The Slovak koruna advanced to a 2 1/2
month high against the euro after a government report showed
industrial output grew quicker than forecast in May.

The koruna was the best performer today of European and
African currencies after the government's statistical office said
factory production, adjusted for working days, grew 17.4 percent,
mainly driven by exports. The report underpinned expectations of
an improvement in the currency's current account.


Read more at Bloomberg Currencies News

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