Slovak crown hits 10-wk lows, seen on back foot

...pressure in 
the short run. 
    The currency eased as far as 33.965 per euro early on 
Friday, it weakest level since March 16 when the Slovaks 
revalued the currency's central parity rate in the pre-euro 
ERM-2 mechanism by 8.5 percent to 35.4424. 
    The crown stood at 33.945 per euro  as of 0750 GMT, 
compared with 33.850 late on Thursday, and 3 percent off its 
record high booked after the revaluation. 
    "The 34.0 per euro level appears as a solid support level," 
CSOB Bank wrote in a market note. "But if other regional 
currencies continue to weaken, the crown might fall through this 
level." 
    The central bank's (NBS) monthly monetary policy meeting is 
on Tuesday, with a majority of analysts expecting NBS to stay 
put after 25 basis points cut in both March and April. 
----------------- MARKET SNAPSHOT AT 0750 GMT ----------------- 
Crown/euro  33.945 vs 33.850 on Thursday (-0.28 pct) 
Crown/dollar  at 25.271 vs 25.220 (-0.20 pct) 
5-yr govt bond  yield 4.351/4.150 vs 4.320/4.100 
7-yr govt bond  yield 4.550/4.401 vs 4.514/4.313 
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[BRATISLAVA/Reuters/Finance.cz]