Slovak crown hits 2-wk highs, more gains seen

...session and dealers said more strengthening 
would be on the cards if emerging market sentiment remained 
positive. 
    The crown firmed to 33.855 per euro  early in the 
session, its strongest level since June 4. 
    It dipped back to 33.905 at 0745 GMT, still up from  33.930 
late on Friday. 
    "We expect positive regional sentiment to hold, with the 
crown adding further gains," bank CSOB wrote in a market note. 
    The crown rose by 0.9 percent on Friday, following a general 
recovery on emerging markets related to the dollar's fall versus 
euro, as U.S. inflation data helped to unwind recent 
expectations of higher interest rates in U.S., analysts said. 
    The crown was trading 4.3 percent above its central parity 
level within the Exchange Rate Mechanism 2 (ERM-2), and 3.5 
percent off the record-high of 32.710 per euro hit in March. 
----------------MARKET SNAPSHOT AT 0745 GMT------------------- 
Crown/Euro  33.905 vs 33.930 on Friday (+0.07 pct) 
Crown/Dollar  25.315 vs 25.450 (+0.53 pct)  
5-yr govt bond  yield 4.549/4.250 vs 4.553/4.335 pct 
7-yr govt bond  yield 4.750/4.550 vs 4.775/4.554 pct 
--------------------------------------------------------------