Slovak crown falls to 3-mo lows vs euro, seen weak

...on emerging markets, and dealers said 
more losses might follow in the short run. 
    At 0800 GMT, the crown was at 34.240 per euro , 
compared with Wednesday's close of 34.200. 
    "Trading is slightly nervous and the sentiment is quite 
negative," said Tatra Banka dealer Boris Somorovsky. "The crown 
is edging up (weakening) ... due to key London-based banks, 
which have the largest crown portfolios, and also due to 
stop-loss orders by some local banks." 
    The unit have been under pressure in the past month, losing 
1.9 percent against the euro despite data indicating Slovakia's 
economic fundamentals are sound. 
    Some dealers said the crown was likely to soften further in 
the coming days towards 34.350 per euro. Others said current 
levels could lure some investors back to the crown. 
    "We continue to see these levels as attractive for buying 
the crown with the target at 32.8 per euro in the fourth quarter 
of 2007," said Slovenska Sporitelna analyst Michal Musak. 
    A Reuters poll showed on Wednesday analysts expecting the 
crown to be at around 33.700 per euro by the end of June, with 
forecasts ranging from 33.300 to 34.100. 
----------------MARKET SNAPSHOT AT 0800 GMT------------------- 
Crown/Euro  34.240 vs 34.200 on Wednesday (-0.12 pct) 
Crown/Dollar  25.344 vs 25.300 (-0.17 pct)  
5-yr govt bond  yield 4.600/4.400 vs 4.441/4.140 pct 
7-yr govt bond  yield 4.650/4.499 vs 4.569/4.369 pct 
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