Slovak crown rebounds before c.bank meeting

...previous session, 
but dealers said more weakening might come in the short run. 
    At 1440 GMT, the crown was at 33.960 per euro , up 
from Friday's 10-week low of 34.170 and a close of 34.140. 
Trading was thin on Monday with U.S. and many European markets 
closed for holidays, traders said. 
    "The crown erased part of its losses as other emerging 
currencies also firmed," said Tatra Banka dealer Boris 
Somorovsky. 
    "But it was affected by holidays ... so we have not probably 
witnessed yet the end of nervousness on emerging markets," he 
said. 
    The release of April producer prices data failed to move the 
crown. The unit also did not react to news that Slovakia was 
nearing completion of a package of FDI projects. 
    Peter Hajas, the director of state investment agency SARIO, 
told Reuters in an interview the value of deals mediated by 
SARIO will rise in 2007, with deals worth around 13 billion 
crowns nearing completion. 
    On Tuesday, the market will watch the central bank's (NBS) 
monthly policy meeting. Most analysts expect the key rate to 
stay at 4.25 percent after two 25 basis-point cuts in March and 
April. 
  

[BRATISLAVA/Reuters/Finance.cz]