Slovak crown pares losses, eyes region for trend

29.03.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

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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