Slovak crown falls with region, more easing seen

...traders said more easing might follow in the short run.

At 1455 GMT, the crown was at 34.038 per euro , compared with 33.970 late on Monday, and a three-month low of 34.180 seen on May 30.

"We saw foreign banks covering short euro positions and clients, who ditched the crown ... as the Polish zloty and the Czech crown eased," said Tatra Banka dealer Boris Somorovsky.

"The crown will probably stay in a range of 33.850-34.200 per euro, but we might see rather a modest weakening due to the regional mood," he said.

The market will now await Friday's releases of April data on retail sales, industrial wages and output in both industrial and construction sectors for indications of the strength of economic growth.

Central bank (NBS) Governor Ivan Sramko said on Monday that robust growth was not fuelling inflation and interest rates were properly set for the economy. The NBS left the key repo rate unchanged at 4.25 percent in May. ----------------MARKET SNAPSHOT AT 1455 GMT------------------- Crown/Euro 34.038 vs 33.970 on Monday (-0.20 pct) Crown/Dollar 25.134 vs 25.140 (+0.02 pct) 5-yr govt bond yield 4.434/4.134 vs 4.432/4.132 pct 7-yr govt bond yield 4.569/4.369 vs 4.432/4.370 pct --------------------------------------------------------------