Slovak crown nears 5-wk peak, eyes rate meeting

22.06.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, June 22 (Reuters) - The Slovak crown firmed against the euro on Friday, nearing five-week highs seen earlier this week, as investors...

...await the central bank's (NBS) decision 
on interest rates next week, dealers said. 
    The crown was at 33.660 per euro  as of 1350 GMT, 
compared with a five-week peak of 33.600 per euro hit on 
Wednesday. It closed at 33.815 on Thursday. 
    "Trading was influenced by speculation that the National 
Bank of Hungary could abolish the trading band for the forint, 
which triggered firming of the forint, the Polish zloty and the 
crown," said Tatra Banka dealer Milan Cavojec. 
    The NBS will hold its rate-setting meeting on Tuesday, but 
traders expect no market reaction as the bank is widely expected 
to hold its key rate at 4.25 percent for the second month in a 
row. 
----------------MARKET SNAPSHOT AT 1350 GMT------------------- 
Crown/Euro  33.660 vs 33.815 on Thursday (+0.38 pct) 
Crown/Dollar  25.029 vs 25.217 (+0.75 pct)  
5-yr govt bond  yield 4.683/4.505 vs 4.513/4.213 pct 
7-yr govt bond  yield 4.700/4.601 vs 4.750/4.550 pct 
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