Estonian kroon at 2-day high against dollar
RTT News
July 2, 2008
The Estonian currency traded higher versus the US dollar during early deals on Wednesday. The kroon hit a 2-day high of 9.8838 per dollar at about 2:25 am ET. 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%.
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