Slovak crown flat vs euro, seen in narrow range

22.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown opened steady against the euro on Tuesday and dealers said it would settle in a narrow range in the near-term. The crown...

...was at 33.705 per euro  as of 0730 GMT, 
compared with 33.715 late on Monday. 
    "The economic diary is empty and there are no events on 
global markets either, which would notably move the exchange 
rate," CSOB Bank wrote in a market note. 
    The currency rose 0.25 percent on Monday, helped by  
improved sentiment on emerging markets. Traders saw it 
floating in a range of 33.600-33.800 per euro in the short run. 
    Positive regional mood will tend to push the crown towards 
stronger levels, analysts said. But traditional dividend 
payments are likely to offset potential gains. 
    The government plans to debate a proposal for a new central 
bank board member on Wednesday, but analysts said the news was 
unlikely to move the market. 
----------------- MARKET SNAPSHOT AT 0730 GMT ----------------- 
Crown/euro  33.705 vs 33.715 on Monday (+0.03 pct) 
Crown/dollar  at 25.035 vs 25.074 (+0.12 pct) 
5-yr govt bond  yield 4.251/4.101 vs 4.201/4.030 
7-yr govt bond  yield 4.450/4.249 vs 4.500/4.328 
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[BRATISLAVA/Reuters/Finance.cz]

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