BRATISLAVA, March 16 (Reuters) - The Slovak crown held flat
near record highs on Friday as investors waited for an impetus
from bigger markets...
...amid a lack of domestic factors, dealers
said.
The crown traded at 33.970 per euro as of 0845
GMT, little changed from 33.945 late on Thursday and just 0.5
percent off its all-time high of 33.8 per euro from March 8.
"With no local data today, we look towards global market
sentiment to drive the currency, so the U.S. inflation data will
be of utmost importance in this respect," KBC Bank wrote in a
market note.
U.S. inflation data are due at 1230 GMT. The most closely
watched figure will likely be core consumer price inflation for
February which is expected to rise 0.2 percent on the month.
Traders saw the crown drifting near 34.0 per euro level in
the near term, expecting the central bank to prevent sharp
firming.
"One thing is clear -- the central bank will not let the
currency strengthen below EUR/SKK 33.80 at the moment," KBC
said.
The Slovak central bank intervened on the market to halt the
crown rise when the unit hit its record highs one week ago.
------------------ MARKET SNAPSHOT AT 0845 GMT -----------------
Crown/euro 33.970 vs 33.945 on Thursday (-0.07 pct)
Crown/dollar at 25.510 vs 25.629 (+0.47 pct)
5-yr govt bond yield 4.237/4.071 vs 4.413/4.013 pct
7-yr govt bond yield 4.289/4.156 vs 4.242/4.159 pct
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