Slovak crown hits 2-wk lows, seen in wider range

...range 
in the short term. 
    The crown was at 33.750 per euro  as of 1520 GMT, 
its weakest since May 1, compared with 33.565 late on Tuesday. 
    "Several London-based players were buying euros," said Tatra 
Banka dealer Milan Cavojec. "The crown lacks a clear trend and 
it should now float in a wider range of 33.550-33.750 per euro." 
    Investors ignored Wednesday's release of April inflation 
data, which matched February's record low of 2.0 percent, 
confirming expectations of another 25 basis-points rate cut in 
the third quarter. 
    The central bank (NBS) cut its key rate by a total of 50 
basis points to 4.25 percent in the previous two months. 
    Slovak inflation is widely expected to fall below 2 percent 
by the year-end, allowing the country to adopt the euro in 2009 
as planned. 
----------------- MARKET SNAPSHOT AT 1520 GMT ----------------- 
Crown/euro  33.750 vs 33.565 on Tuesday (-0.55 pct) 
Crown/dollar  at 24.820 vs 24.702 (-0.47) 
5-yr govt bond  yield 4.141/3.840 vs 4.200/3.051 pct 
7-yr govt bond  yield 4.444/4.244 vs 4.350/4.250 pct 
--------------------------------------------------------------- 
  

[BRATISLAVA/Reuters/Finance.cz]