Slovak crown eases again, dividend outflow weighs

18.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown fell to a three-week low on Friday as foreign shareholders continued to repatriate profits from local companies, and analysts...

...saw room 
for more losses. 
    The crown was at 33.800 per euro  as of 1530 GMT, 
the weakest level since April 30, after 33.735 at Thursday's 
close. 
    The Slovak unit traditionally comes under pressure in April 
and May as local companies, such as energy utilities and banks, 
pay dividends to their foreign owners. 
    "In the coming weeks, we expect some weakening towards 34 
EUR/SKK, due to the dividend season," Slovenska Sporitelna 
analysts wrote in a market note. "However, the longer-term 
outlook remains favourable." 
----------------- MARKET SNAPSHOT AT 1530 GMT ----------------- 
Crown/euro  33.800 vs 33.735 on Thursday 
Crown/dollar  at 25.060 vs 24.990 
5-yr govt bond  yield 4.147/3.845 
7-yr govt bond  yield 4.544/4.344 
--------------------------------------------------------------- 
 

[BRATISLAVA/Reuters/Finance.cz]

Autor článku

 

Články ze sekce: Zpravodajství ČTK