Slovak crown firms vs euro, seen in narrow range

03.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown firmed against the euro on Thursday as regional woes faded, and dealers saw the unit moving in a narrow range in the short run....

...
    At 0820 GMT, the crown was at 33.585 per euro, compared with 
33.695 late on Wednesday . 
    "The crown edged up in line with gains on the Polish zloty 
and the Hungarian forint after the Turkish lira calmed down," 
said VUB Bank dealer Laco Benedek. 
    The Slovak currency fell to a six-week low of 33.950 per 
euro on Monday, as political turbulences in Turkey sparked a 
sell-off on emerging markets. 
    "News from Turkey and investors' attitude towards risk will 
determine the crown's direction," CSOB bank wrote in a market 
note. 
    "We are in the dividend period and we don't expect the crown 
to show a long-lasting firming efforts," it said. 
    Traders said the crown would probably move between 33.550 
and 33.700 per euro before a set of macroeconomic data including 
April inflation and March foreign trade balance is released next 
week. 
------------------ MARKET SNAPSHOT AT 0820 GMT ----------------- 
Crown/euro  33.585 vs 33.695 on Wednesday (+0.32 pct) 
Crown/dollar   at 24.695 vs 24.775 (+0.32) 
5-yr govt bond  yield 4.115/3.814 vs 4.109/3.809  
7-yr govt bond  yield 4.446/4.247 vs 4.447/4.247  
--------------------------------------------------------------- 
 

[BRATISLAVA/Reuters/Finance.cz]

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