PRAGUE: The Czech crown dropped against the euro on Thursday, and traded 1 percent lower than a 15-month high hit in the previous session, as the currency's jump prompted euro buyers.
"Liquidity is better than yesterday. Many customers are looking now to buy euro at a super price so we have big interest on the buying side," a dealer said.
The crown soared on Wednesday following comments from President Milos Zeman, who said he wanted the next bank board members to be pro-euro and against the central bank's weak crown policy.
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