Czech crown gains since start of December

PRAGUE: The Czech crown firmed on Thursday to its strongest level against the euro since the start of December after a more dovish-than-expected outcome to the Federal Reserve's latest meeting.

The Fed comments pushed the dollar down against central Europe's reference currency, the euro, boosting appetite for risk in the region.

"The main reason for the CEE region's move is the Fed. There have been stop losses. There is good space for a move downward (on EUR-CZK)," one dealer said.

By 0824 GMT, the crown traded up 0.7 percent on the day at 25.165, off a session high of 25.144 hit earlier.