BRATISLAVA, June 16 (Reuters) - The Slovak crown firmed
through a psychological level of 34.0 per euro on Friday, helped
by renewed investor...
...appetite for emerging assets, traders said.
Emerging markets gained ground on Friday, after days of
volatility, as tame U.S. inflation data weakened market
expectations that the U.S. Federal Reserve would need to
consider higher interest rates to keep inflation in check.
The crown traded 33.930 per euro , its strongest
level since June 5, as of 1445 GMT, compared with 34.250 late on
Thursday.
"If external factors do not turn negative for the crown, it
should continue strengthening (next week)," one trader with a
foreign bank in Bratislava said.
The crown often follows central European currencies and
global emerging markets despite the fact that it is the only
unit in the region pegged to the euro within the Exchange Rate
Mechanism ERM-2.
----------------MARKET SNAPSHOT AT 1445 GMT-------------------
Crown/Euro 33.930 vs 34.250 on Thursday (+0.9 pct)
Crown/Dollar 25.450 vs 25.710 (+1.02 pct)
5-yr govt bond yield 4.553/4.335 vs 4.600/4.300 pct
7-yr govt bond yield 4.775/4.554 vs 4.750/4.550 pct
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