Wednesday, May 7, 2008

FOREX Slovak crown jumps to new all-time high on euro adoption news

WARSAW (Thomson Financial) - The Slovak crown broke through 32 against the euro in afternoon trade to hit a new record high after the European Commission gave the country a green light on Wednesday to adopt the common currency next year.Slovakia will become the euro zone's 16th member and the second country from Eastern Europe's former communist bloc to join.The currency strengthened to 31.985 per euro above the previous high of 32.1 crowns hit earlier in the day before the European Commission announced its decision.

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