Slovak crown drifts in range, eyes repo tender

...investment plans and inflation data ahead of the 
result of Tuesday's liquidity-draining tender, dealers said. 
    At 1430 GMT, the crown traded at 33.360 per euro , 
compared with Friday's close of 33.370. 
    "The market lacked activity today. Fundamentals are good 
here but there is still fear of the NBS (the central bank) and 
its actions so we will probably see range trading between 33.300 
and 33.500 as we did last week," one trader said. 
    The NBS has been keeping the money market awash with excess 
funds over the past five weeks to tame the crown's strength. 
    The bank also intervened heavily in the market and cut its 
key rate by 25 basis points to 4.5 percent last month, reducing 
premium over the euro zone benchmark to 75 basis points. 
    The head of PSA's Slovak factory Alain Baldeyrou told 
Reuters the carmaker would invest around 100 million euros this 
year and next to adapt its Slovak facility to make a new model. 
The firm originally planned 350 million euro expansion. 
    The release of March EU-norm inflation data also failed to 
move the crown, coming slightly below the NBS' expectations. 
Annual price growth was 2.1 percent in March, slightly up from a 
record low of 2.0 in February. 
------------------ MARKET SNAPSHOT AT 1430 GMT ----------------- 
Crown/euro  33.360 vs 33.370 on Friday (+0.03 pct) 
Crown/dollar   at 24.614 vs 24.634 (+0.08) 
5-yr govt bond  yield 4.255/4.037 vs 4.175/3.966 pct 
7-yr govt bond  yield 4.361/4.141 vs 4.412/4.163 pct 
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