Slovak crown slightly up, gains seen limited

...to a cloudy outlook for global 
emerging markets. 
    The crown was at 34.180 per euro  as of 0745 GMT, 
after 34.265 late on Monday. 
    "There is a risk that the nervous situation on emerging 
markets will last for another month or so, which makes a 
significant recovery of the crown rather unlikely in the short 
term," ING Bank wrote in a market note. 
    The crown fell to three-month lows last week as investors 
sold emerging assets after a rise in U.S. yields. 
    However, analysts said Slovakia's economic fundamentals, 
such as strong GDP growth and an improving trade balance, were 
likely to boost the local unit in the long term and that its 
current weakness could be a good buying opportunity. 
    The crown now trades 3.3 percent above its central parity 
rate in the Exchange Rate Mechanism (ERM2), and is 4.5 percent 
off its all-time highs of 32.710 per euro seen after the parity 
was revalued on March 16. 
----------------MARKET SNAPSHOT AT 0745 GMT------------------- 
Crown/Euro  34.180 vs 34.265 on Monday (+0.25 pct) 
Crown/Dollar  25.595 vs 25.680 (+0.33 pct)  
5-yr govt bond  yield 4.452/4.151 vs 4.438/4.218 pct 
7-yr govt bond  yield 4.569/4.368 vs 4.851/4.630 pct 
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