Tuesday, July 17, 2007

Slovak Koruna Declines Versus Euro as Emerging Market Currencies Sell Off

(Bloomberg) -- The Slovak koruna snapped a seven-day
winning run against the euro as investors shunned riskier,
emerging market assets.

The koruna declined along with other emerging market
currencies including the Polish zloty and the Thai baht, falling
from a near a four-month high versus the common European
currency. It gained more than 2 percent over the past month,
making it the third best-performer among emerging market
currencies.


Read more at Bloomberg Currencies News

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