BRATISLAVA, June 11 (Reuters) - The Slovak crown recouped
some of its recent losses against the euro on Monday,
rebounding from a three-month...
...low but dealers said weakening
pressures remain.
The crown firmed as high as 34.225 per euro during the
session, but slipped back later in the afternoon and was quoted
at 34.265 per euro as of 1430 GMT. It stood at 34.390
per euro late on Friday.
"The crown's weakening is not over yet," said Tatra Banka
dealer Boris Somorovsky. "If the crown stays above 34.150-34.200
per euro it might ease toward 34.500 per euro."
The crown lost ground last week, alongside other regional
peers, as bearish global sentiment pushed emerging markets
weaker.
The crown showed no reaction to the release of April foreign
trade and May inflation data earlier in the session, which came
in a touch better than expected.
The currency is now trading 3.3 percent above its central
parity rate in the Exchange Rate Mechanism 2 (ERM-2), and 4.5
percent weaker from a record 32.710 per euro, booked after its
parity revaluation within the ERM-2 currency grid on March 16.
----------------MARKET SNAPSHOT AT 1430 GMT-------------------
Crown/Euro 34.265 vs 34.390 on Friday (+0.36 pct)
Crown/Dollar 25.680 vs 25.744 (+0.25 pct)
5-yr govt bond yield 4.438/4.218 vs 4.650/4.451 pct
7-yr govt bond yield 4.851/4.630 vs 4.729/4.530 pct
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