BRATISLAVA, April 25 (Reuters) - The Slovak crown firmed
against the euro on stronger Polish zloty on Wednesday, but
dealers said the unit would...
...remain volatile and without a clear
direction in the near future.
The crown was at 33.540 per euro as of 1500 GMT,
after 33.700 late on Tuesday.
The Slovak unit fell to five-week lows of 33.760 per euro on
Tuesday, after the central bank cut its main interest rate by 25
basis points and analysts predicted more monetary policy easing
this year.
But the local influence did not last for long, and the crown
mirrored moves of bigger regional currencies on Wednesday.
"The crown seems to be reacting to firming Polish zloty
right now," said Tatra Banka dealer Boris Somorovsky. "It's hard
to predict future trend... it is moving between 33.450-33.750,
and it will probably stay within that range."
------------------ MARKET SNAPSHOT AT 1500 GMT -----------------
Crown/euro 33.540 vs 33.700 on Tuesday(+0.50 pct)
Crown/dollar at 24.550 vs 24.760 (+0.86)
5-yr govt bond yield 4.172/3.772 pct
7-yr govt bond yield 4.348/4.148 pct
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