Prague - The Czech crown trimmed losses from Thursday (15. 1. 09) this morning to trade more than 30 hellers stronger to the euro at Kc27.03 at 09:30 a.m., while to the dollar it strengthened to Kc20.46 after firming through Kc21 the previous day, the Patria Online sever said.

Although the crown is strengthening today, analysts do not rule out the unit could weaken to as low as Kc28 per euro in the following period as a result of the worsening economy.

But the development should turn around in the second half of the year and the currency could firm to Kc24/EUR, economists estimate.

Source: http://www.ctk.cz/