Slovak crown rebounds with region, mkt eyes GDP

14.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown rose on Monday as central European markets recovered from last week's losses, and dealers said it could firm further after...

...the release 
of first quarter GDP data on Tuesday. 
    The crown traded at 33.650 per euro  as of 0725 
GMT, after 33.690 late on Friday. 
    The crown hit two-week lows of 33.720 per euro on Friday as 
a sour mood on emerging markets combined with news of a 
bigger-than-expected Slovak foreign trade deficit for March. 
    "GDP will be, very likely, the most significant moment of 
the week," one Bratislava-based trader said. "If the figure is  
surprisingly higher, the crown could firm more." 
    Analysts polled by Reuters forecast real GDP growth of 10.5 
percent in the first quarter, after 9.6 percent rise in the last 
three months of 2006. 
    The Statistics Office will publish the flash estimate of the 
first quarter GDP at 9 a.m. (0700 GMT) on Tuesday, and it will 
release GDP details on June 1. 
------------------ MARKET SNAPSHOT AT 0725 GMT ----------------- 
Crown/euro  33.650 vs 33.690 on Friday (+0.13 pct) 
Crown/dollar   at 24.864 vs 24.918 (+0.22) 
5-yr govt bond  yield 4.142/3.923 vs 4.197/4.048 pct 
7-yr govt bond  yield 4.355/4.135 vs 4.374/4.2251pct 
--------------------------------------------------------------- 
 

[BRATISLAVA/Reuters/Finance.cz]

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