CEE MARKETS-Czech crown, Prague stocks close to two-year highs
January 14, 2020 at 05:21 AM EST
The Czech crown gained past a key level against the euro on Tuesday to touch a 23-month high as markets priced in rising chances of an interest rate increase this year. Prague stocks also traded at their highest in nearly two years. Other central European currencies strengthened as well, led by the Hungarian forint's 0.5% rise after stronger-than-expected inflation data showed price growth hitting a seven-year high of 4.0%. "Investors, foreign ones especia