Slovak crown weakens again, seen volatile

13.06.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, June 13 (Reuters) - The Slovak crown eased on Wednesday as greater global risk aversion pushed Europe's emerging markets down...

...again and dealers said central European 
currencies were likely to stay edgy in the near term. 
    The crown was quoted at 34.355 per euro  as of 0830 
GMT, 0.4 percent weaker from 34.235 late on Tuesday. 
    "Expectations for stable or increasing U.S. rates stand 
against emerging markets (including CEE markets) at the moment, 
as the higher yielding safer assets attract more interest of 
investors," Slovenska Sporitelna analysts wrote in a note. 
    Market watchers said investors would focus on U.S. producer 
and consumer inflation data later this week for more clues on 
monetary policy outlook in the United States. 
    Traders said the Slovak unit was likely to float in a wider 
range of 34.000-34.450 per euro in the coming days, driven 
mainly by the mood on bigger emerging markets. 
----------------MARKET SNAPSHOT AT 0830 GMT------------------- 
Crown/Euro  34.355 vs 34.235 on Tuesday (-0.35 pct) 
Crown/Dollar  25.860 vs 25.705 (-0.60 pct)  
5-yr govt bond  yield 4.658/4.360 vs 4.600/4.424 pct 
7-yr govt bond  yield 4.818/4.618 vs 4.750/4.574 pct 
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