Slovak crown flat, market awaits trade data

10.04.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, April 10 (Reuters) - The Slovak crown was locked in a tight range against the euro in light post-holiday activity on Tuesday, and...

...dealers said investors were waiting for a fresh 
impetus from the release of February foreign trade data. 
    The crown moved between 33.350-33.470 per euro  on 
Tuesday. It traded at 33.410 per euro as of 1350 GMT, little 
changed from 33.400 on Thursday.  
    Slovak financial markets were closed on Friday and Monday 
for the Easter holiday. 
    The crown showed no reaction to a central bank decision to 
reject part of the bids in a two-week repo tender on Tuesday as 
the bank continued to limit the room for crown gains. 
    "The market will watch the release of foreign trade data 
tomorrow to see whether the surplus in January was just a 
one-off thing, or the start of the long awaited turnaround," 
Slovenska Sporitelna wrote in a market note. 
    The crown rose last month after data showed a surprising 
3.98 billion crown trade surplus for January, the first positive 
trade balance in three years. 
    Traders said the local unit was likely to firm if February 
foreign trade beat market expectations of a 2.0 billion crown 
surplus, which was predicted by analysts in a Reuters poll. 
------------------ MARKET SNAPSHOT AT 1350 GMT ----------------- 
Crown/euro  33.410 vs 33.400 on Thursday (-0.02 PCT) 
Crown/dollar   at 24.895 vs 24.840 (-0.22) 
5-yr govt bond  yield 4.231/4.011 vs 4.065/3.665 pct 
7-yr govt bond  yield 4.326/4.106 vs 4.290/4.090 pct 
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