Slovak crown eases before cbank rate meeting

25.06.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

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 
-------------------------------------------------------------- 
  

Autor článku

 

Články ze sekce: Zpravodajství ČTK