BRATISLAVA, March 29 (Reuters) - The Slovak crown recovered
on Thursday from losses caused by capital outflow from emerging
currencies, but...
...dealers said it would remain exposed to swings
in global markets in the near future.
The crown traded at 33.390 per euro as of 0805
GMT, compared to 33.450 late on Wednesday.
High-yielding currencies came under pressure on Wednesday as
investors became more risk averse to geopolitical jitters,
centred on Iran.
"With no local data today, we look more towards the global
emerging market sentiment to drive the moves," KBC Bank wrote in
a market note.
"Fundamentals should support the unit further, although a
weaker regional FX tone is likely to drive the currency into
slightly weaker territory."
However, analysts said the crown was unlikely to fall
significantly because of Slovakia's solid economic growth and
improving foreign trade balance.
------------------ MARKET SNAPSHOT AT 0805 GMT -----------------
Crown/euro 33.390 vs 33.450 on Wednesday (+0.18 pct)
Crown/dollar at 25.048 vs 25.066 (+0.07)
5-yr govt bond yield 4.203/3.985 pct vs 4.101/3.900
7-yr govt bond yield 4.221/4.001 pct vs 4.249/4.100
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