Slovak crown steady vs euro, eyes U.S. inflation

15.06.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, June 15 (Reuters) - The Slovak crown held steady against the euro on Friday, in line with its regional peers, as markets awaited U.S...

... inflation data that could set further 
direction for emerging risk, analysts said. 
    At 0845 GMT, the crown was at 34.252 per euro , 
unchanged from Thursday's close. 
    "The crown is likely to track the region as mood will be 
defined by afternoon's release of U.S. CPI and core CPI 
numbers," said Lucia Steklacova, senior economist at ING in 
Bratislava. 
    "ING expects 0.3 percent month-on-month, which may extend a 
backfoot on the U.S. bond market and weaken EMEA currencies. The 
level of 34.450 per euro should be defended on the weaker side 
of the crown," she wrote in a note. 
    The crown had been under pressure in the past weeks, falling 
to a three-month low of 34.485 per euro on June 8, as 
expectations shifted in favour of higher U.S. rates. 
----------------MARKET SNAPSHOT AT 0845 GMT------------------- 
Crown/Euro  34.252 vs 34.250 on Thursday 
Crown/Dollar  25.691 vs 25.710 (+0.07 pct)  
5-yr govt bond  yield 4.631/4.411 vs 4.600/4.300 pct 
7-yr govt bond  yield 4.856/4.635 vs 4.750/4.550 pct 
-------------------------------------------------------------- 
  

Autor článku

 

Články ze sekce: Zpravodajství ČTK