Slovak crown rebounds, eyes region for trend

...capital shifts on emerging markets until a 
central bank rate meeting on Tuesday. 
    The crown traded at 33.400 per euro  as of 0830 
GMT, compared with 33.510 late on Thursday. It hit a two-week 
low of 33.580 early on Thursday on capital outflow from high 
yielding currencies. 
    "There is no local news, so the crown will continue 
following sentiment on emerging markets," one Bratislava-based 
trader said. 
    The next domestic impetus will be the monthly monetary 
policy meeting on Tuesday.  
    Most of analysts in a Reuters poll expected the central bank 
to cut the main two-week repo rate by 25 basis points from the 
current 4.50 percent, and traders said such a move would not 
spark a major crown reaction. 
    "Should the main rate, or the overnight sterilisation rate, 
stay on hold, the crown might get a positive impulse," Slovenska 
Sporitelna said in a market note. 
------------------ MARKET SNAPSHOT AT 0830 GMT ----------------- 
Crown/euro  33.415 vs 33.510 on Thursday (+0.28 pct) 
Crown/dollar   at 24.526 vs 24.600 (+0.30) 
5-yr govt bond  yield 4.197/4.047 vs 4.167/3.947 pct 
7-yr govt bond  yield 4.296/4.161 vs 4.284/4.063 pct 
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