Slovak crown eases from 2-wk peak on weaker GDP

...below  market expectations, dealers said. 
    At 1430 GMT, the crown was at 33.565 per euro , 
compared with Monday's two-week peak of 33.501 and a close of 
33.515. 
    "The crown slightly weakened above 33.600, but it returned 
back below on client orders after the market digested the GDP 
figure, which is still high and shows that the economy is going 
well," said Mario Mika, chief trader at VUB Bank. 
    Slovak economic growth decelerated to 8.9 percent in the 
first three months from 9.6 percent in the previous quarter, 
falling short of forecasts for a record 10.5 percent rise. 
    The market is eyeing Wednesday's release of EU-norm 
inflation data for April, but dealers said no reaction was 
likely if the figures are in line with those calculated by local 
methodology. 
    Slovak consumer prices grew 2.7 percent on the year by local 
standards in April, the last week's release showed. Analysts 
predict EU-norm inflation, watched by the central bank (NBS), to 
have eased to a record low of 1.9 percent in April. 
    Dealers said the crown would probably soften towards the 
weaker end of its recent 33.500-33.700 per euro range in the 
short-run. 
------------------ MARKET SNAPSHOT AT 1430 GMT ----------------- 
Crown/euro  33.565 vs 33.515 on Monday (-0.15 pct) 
Crown/dollar  at 24.702 vs 24.730 (+0.11) 
5-yr govt bond  yield 4.200/4.051 vs 4.182/3.963 pct 
7-yr govt bond  yield 4.350/4.250 vs 4.386/4.167 pct 
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[BRATISLAVA/Reuters/Finance.cz]