The Czech currency that jumped to a 4-week high of 17.9325 against the US dollar in early trading held steady thereafter on Wednesday's early New York deals.

The Czech koruna appreciated against the buck in early trading despite a report showed that the Czech retail sales slumped to its biggest since March 2008.

The seasonally adjusted retail sales including automotive segment in the Czech Republic decreased 2.9% month-on-month in November, official data showed today. On an annual basis, retail sales fell 6.1%.

On an unadjusted basis, retail sales dropped 4.9% over the previous year.

The Czech koruna is presently trading at 17.98, compared to yesterday's close of 18.098. If the domestic unit ticks up further, it may find resistance near the 17.7980 level.

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