Slovak crown calm, seen following regional mood

...as investors watch neighbouring markets before an array of economic data releases at the end of the week.

The crown traded at 34.000 to the euro by 0843 GMT, a touch weaker from 33.970 late on Monday.

The next domestic focus are Friday's releases of April data on retail sales, industrial wages and output in both industrial and construction sectors, which markets will watch for clues about the strength of economic growth.

Central bank Governor Ivan Sramko said on Monday that robust growth was not fuelling inflation and interest rates were properly set for the economy. The central bank cut the costs of credit by 25 basis points to 4.25 percent in April.

"We bet on the exchange rate stabilisation near the 34.0 per euro level," CSOB bank wrote in a market note. "This (Sramko comment) has underpinned our expectations that the central bank would not rush with interest rates adjustments," it added.

----------------MARKET SNAPSHOT AT 0845 GMT------------------- Crown/Euro 34.000 vs 33.970 on Monday (-0.08 pct) Crown/Dollar 25.171 vs 25.140 (-0.12 pct) 5-yr govt bond yield 4.445/4.295 vs 4.432/4.132 pct 7-yr govt bond yield 4.600/4.426 vs 4.432/4.370 pct --------------------------------------------------------------