Slovak crown touch stronger, seen staying in range

12.06.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

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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