Slovak crown weakens to 1-wk low, seen rangebound

...traders said the unit was likely to float in a 
narrow range in the coming days. 
    At 0825 GMT, the crown traded at 33.490 per euro , 
0.2 percent weaker from 33.420 late on Thursday. 
    "We do not expect any major movements to occur," KBC Bank 
wrote in a market note. "The crown should settle down in a 
sideways trading pattern again and oscillate close to a level of 
33.4 per euro." 
    Thursday's release of March inflation data did not provide 
new impetus for the crown, coming slightly below market 
forecasts, but analysts said the data raised prospects for a 25 
basis-points rate cut this month. 
    The central bank (NBS) trimmed the key-two week repo rate by 
25 basis points to 4.50 percent in March to ease firming 
pressure on the crown. 
    On Friday, the market is also watching the opposition-led 
no-confidence vote on Economy Minister Lubomir Jahnatek, but the 
ruling coalition looks set to fend off its first major challenge 
in parliament easily. 
------------------ MARKET SNAPSHOT AT 0825 GMT ----------------- 
Crown/euro  33.490 vs 33.420 on Thursday (-0.20 pct) 
Crown/dollar   at 24.770 vs 24.800 (+0.12) 
5-yr govt bond  yield 4.078/3.679 vs 4.195/3.975 pct 
7-yr govt bond  yield 4.289/4.088 vs 4.293/4.074 pct 
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