Slovak crown eases on profit taking, eyes region

...past month, dealers said and expected no 
clear direction for the currency in the near future. 
    At 1350 GMT, the crown traded at 33.420 per euro , 
compared with 33.375 late on Wednesday. 
    Dealers said the Slovak unit was likely to move within a 
wider corridor of 33.300-33.700 per euro in the short term, 
largely depending on capital flows on neighbouring markets in 
the absence of domestic factors. 
    "There is not much activity, the crown moves towards 33.500 
per euro," said Tatra Banka dealer Boris Somorovsky. "If there 
is a correction on the Polish zloty, the crown could break the 
33.500 level." 
    The Slovak unit showed no reaction to March inflation data 
on Thursday, which confirmed benign price growth which is 
expected to give the central bank room to cut interest rates by 
at least 25 basis points in the second quarter. 
------------------ MARKET SNAPSHOT AT 1350 GMT ----------------- 
Crown/euro  33.420 vs 33.375 on Wednesday (-0.12 pct) 
Crown/dollar   at 24.800 vs 24.837 (+0.15) 
5-yr govt bond  yield 4.195/3.975 vs 4.277/4.077 pct 
7-yr govt bond  yield 4.293/4.074 vs 4.343/4.094 pct 
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