US dollar bounces back against Estonian kroon
RTT News
July 2, 2008
(RTTNews) - The US currency recovered the losses it incurred in Asian trading against the Estonian kroon at about 3:05 am Eastern Time Wednesday. The dollar-kroon pair reached 9.9170 by about 6:10 am ET, moving up from a 2-month low of 9.8732. The pair was worth 9.9110 at Tuesday's North American close.
The Statistics Estonia reported today that Estonian industrial production fell by seasonally adjusted 4.8% month-on-month in May, reversing an increase of around 5% in April. Meanwhile, manufacturing production recorded a 5.8% monthly decline. Compared to previous year, industrial production decreased by working day adjusted 6.7% and manufacturing output was down 5%.
dcestonian@hotmail.com