BRATISLAVA, June 25 (Reuters) - The Slovak crown weakened
slightly against the euro on Monday alongside other central
European currencies and...
...dealers saw a wider trading range as the
market prepared for a central bank rate meeting.
The crown was quoted at 33.775 per euro as of 0820
GMT, after 33.660 per euro late on Friday.
"The crown eased under the regional influence in the
morning," said UniCredit Bank dealer Marian Sulko.
Central European markets will focus on monetary policy
meetings of the region's central banks this week. The series of
rate decisions starts in Hungary on Monday, followed by Slovakia
on Tuesday, Poland on Wednesday and the Czech Republic on
Thursday.
The market forecast no change in Slovakia'a main two-week
repo rate, which currently stands at 4.25 percent, as analysts
expected the bank to wait for a European Central Bank rate hike
to level out Slovak and euro zone borrowing costs.
"We do not expect any changes in rates, and the consensus
also favours this scenario," KBC bank wrote in a market note.
"We expect the crown to stay in a relatively wider range this
week, 33.500-34.000 per euro," KBC said.
----------------MARKET SNAPSHOT AT 0820 GMT-------------------
Crown/Euro 33.775 vs 33.660 on Friday (-0.34 pct)
Crown/Dollar 25.129 vs 25.029 (-0.40 pct)
5-yr govt bond yield 4.392/4.170 vs 4.683/4.505 pct
7-yr govt bond yield 4.737/4.516 vs 4.700/4.601 pct
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