Slovak crown hits 3-mth lows vs euro, seen in range

30.05.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown eased on Wednesday to touch a nearly three-month low against the euro, hit by weakness in neighbouring markets, and dealers saw...

...it 
trading in a wider range in the coming days. 
    At 1420 GMT, the crown was at 34.075 per euro , up 
from 34.180, its softest level since March 7, seen earlier in 
the session. It closed at 34.050 on Tuesday. 
    "There is a sentiment on the market when nobody wants the 
crown," said Andrej Zeman, trader at ING Bank in Bratislava. "It 
would be supportive if the situation in the region stabilises." 
    The crown ignored the government's nomination of the central 
bank (NBS) board member Viliam Ostrozlik for the vacant post of 
NBS vice-governor. 
    Analysts said the implications of Ostrozlik nomination were 
neutral for monetary policy as he is not new to the NBS' 
policymaking board. 
    The central bank stayed put on Tuesday, keeping the key 
two-week repo rate at 4.25 percent, following two 25 basis-point 
cuts in March and April. The bank also signalled taking a break 
in the policy easing cycle. 
----------------MARKET SNAPSHOT AT 1420 GMT------------------- 
Crown/Euro  34.075 vs 34.050 on Tuesday (-0.07 pct) 
Crown/Dollar  25.373 vs 25.275 (-0.38 pct) 
5-yr govt bond  yield 4.530/4.310 vs 4.317/4.017 pct 
7-yr govt bond  yield 4.588/4.367 vs 4.559/4.359 pct 
-------------------------------------------------------------- 
 

[BRATISLAVA/Reuters/Finance.cz]

Autor článku

 

Články ze sekce: Zpravodajství ČTK