BRATISLAVA, June 12 (Reuters) - The Slovak crown ended a
touch stronger against the euro after a volatile session on
Tuesday, with dealers...
...saying the unit would continue to move in
line with trends on global emerging markets in the near term.
The Slovak unit firmed as far as 34.125 per euro
early on Tuesday, but it then followed regional peers to weaker
levels to close at 34.235. It stood at 34.265 per euro late on
Monday.
"The 34.150 per euro is the crown's medium-term resistance,
and 34.450 per euro a support level," said ING Bank trader
Andrej Zeman.
Traders said there were no major local market-moving events
on the agenda for Wednesday, and global capital flows would
remain the main driver for the crown.
The next possible domestic impetus could come from the
release of EU-norm inflation on Thursday as investors will
analyse the data for indications on whether the central bank can
cut interest rates further.
----------------MARKET SNAPSHOT AT 1430 GMT-------------------
Crown/Euro 34.235 vs 34.265 on Monday (+0.09 pct)
Crown/Dollar 25.705 vs 25.680 (-0.10 pct)
5-yr govt bond yield 4.600/4.424 vs 4.438/4.218 pct
7-yr govt bond yield 4.750/4.574 vs 4.851/4.630 pct
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