Slovak crown at 11-wk highs after Samsung news

07.03.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, March 7 (Reuters) - The Slovak crown  
marched to 11-week highs against the euro late on Wednesday, 
buoyed by news that Samsung Electronics has chosen Slovakia tfor 
a new LCD-panel plant, traders said. 
    The crown rallied late in the afternoon to hit as high as 
34.125 per euro, its strongest level so far this year. At 1615 
GMT, the crown was at 34.145 per euro, up 0.6 percent on the 
session. 
    The rise came after a source told Reuters that South Korea's 
Samsung Electronics Co. Ltd.  has chosen Slovakia as 
the site of the plant, estimated to be worth some $600 million, 
to boost the country's gradually growing electronics industry. 
    "We will see whether investors will push the crown stronger 
tomorrow," said Tatra Banka dealer Boris Somorovsky. 
"Fundamentals are supportive and the regional moves are helping 
too. Liquidity is thin right now". 
------------------ MARKET SNAPSHOT AT 1615 GMT ----------------- 
Crown/euro  at 34.145 vs 34.335 on Tuesday(+0.56 pct) 
Crown/dollar  at 26.025 vs 26.220 (+0.75 pct) 
5-yr govt bond  yield 4.394/3.994 vs 4.300/4.090 pct 
7-yr govt bond  yield 4.373/4.154 vs 4.300/4.200 pct 
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