Slovak crown pares losses, seen lacking trend

23.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown pared early losses against the euro on Wednesday, lifted by an improved mood on emerging markets and dealers said regional...

...swings will remain 
the currency's main driver in the coming days. 
    The crown rebounded as far as 33.720 per euro , 
from 33.810 in early trade. At 1435 GMT, it stood at 33.750, 
compared with 33.755 late on Tuesday. 
    "There are still investors buying euros despite the improved 
sentiment," said UniCredit Bank dealer Marian Sulko. "We will 
move alongside the region with the crown floating between 33.600 
and 33.900 in the coming week." 
    Investors ignored Wednesday's government approval of 
Gabriela Sedlakova as a new central bank (NBS) board member, 
expecting no major shift in monetary policy. 
    A Reuters poll showed on Wednesday analysts forecast the NBS 
would keep the key two-week repo rate at 4.25 percent next week, 
after two 25 basis-point cuts in April and March. Sedlakova's 
term starts on June 1. 
----------------- MARKET SNAPSHOT AT 1435 GMT ----------------- 
Crown/euro  33.750 vs 33.755 on Tuesday (+0.01 pct) 
Crown/dollar  at 25.033 vs 25.068 (+0.14 pct) 
5-yr govt bond  yield 4.411/4.190 vs 4.150/3.850 
7-yr govt bond  yield 4.458/4.238 vs 4.543/4.343 
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[BRATISLAVA/Reuters/Finance.cz]

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