Slovak crown floats near 2-wk peak, seen rangebound

19.06.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, June 19 (Reuters) - The Slovak crown held steady against the euro on Tuesday, floating in sight of Monday's two-week highs, and...

...analysts expected to see range trading for 
the rest of the session. 
    At 0915 GMT, the crown was at 33.888 per euro , 
compared with Monday's two-week peak of 33.815 and a close of 
33.880. 
    "The crown will keep following regional developments," CSOB 
said in a note. "A slight firming could continue today, but we 
rather bet on stabilisation of the rate near current levels." 
    The currency did not react to the release of jobless data, 
which showed the rate falling to a record low of 8.33 percent in 
May. 
    The crown had been under weakening pressure in recent weeks, 
hit by rising expectations for higher interest rates globally. 
But the unit recovered in the past two sessions as fears of 
monetary tightening in the U.S. subsided. 
----------------MARKET SNAPSHOT AT 0915 GMT------------------- 
Crown/Euro  33.888 vs 33.880 on Monday (-0.02 pct) 
Crown/Dollar  25.270 vs 25.250 (-0.08 pct)  
5-yr govt bond  yield 4.675/4.475 vs 4.549/4.331 pct 
7-yr govt bond  yield 4.825/4.675 vs 4.784/4.563 pct 
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