BRATISLAVA, April 5 (Reuters) - The Slovak crown hugged a
tight range around the 33.400 level to the euro Thursday, as
investors squared...
...positions ahead of Easter holiday.
The crown was quoted at 33.400 per euro as of 1520
GMT, little changed from 33.440 late on Wednesday.
Slovak markets will be closed for holiday on Friday and
Monday and analyst said they see potential for firming next
week.
"The region is moving a touch firmer, and firming pressures
are to be expected (next week)," one Bratislava-based trader
said. "On the other side is the central bank (NBS), which is
watching and promising not to let the crown (firm)."
The central bank intervened early on Wednesday, its third
intervention this year, when the crown firmed to around 33.100
per euro, sending the unit as far as 33.700 per euro.
"The central bank will keep monitoring, assessing and
reacting (to forex market developments)," the NBS board member
Peter Sevcovic told Reuters on Thursday.
Investors will look at the outcome of the liquidity-draining
repo tender next Tuesday as well as foreign trade data on
Wednesday to give the currency further impetus.
The currency has been strengthening sharply this year, and
the NBS to revalue its crown's peg within the exchange rate
mechanism ERM-2 by 8.5 percent in March.
------------------ MARKET SNAPSHOT AT 1520 GMT -----------------
Crown/euro 33.400 vs 33.440 on Wednesday
Crown/dollar at 24.840 vs 25.040
5-yr govt bond yield 4.065/3.665 pct
7-yr govt bond yield 4.290/4.090 pct
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