The Czech koruna traded higher against the US dollar in early European trading on Friday. The koruna advanced to a 17-day high of 18.7435 versus the greenback by about 3:20 am ET, compared to Thursday's close of 18.9110. At present, the pair is trading near 18.75.

A report released by the Czech National Bank showed today that Czech M2 money supply increased 3.6% in November from the previous year. This was slower than the last month's 4.4% increase. A year ago, the increase was 4.1%.

At the same time, M1 rose 13.1%, slower than the 15.3% annual growth recorded in October.

Data showed that loans to businesses and households grew at a faster pace of 2.4% annually, following a 2.1% increase in the previous month.

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