Slovak crown nears 9-wk high vs euro, seen volatile

04.07.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, July 4 (Reuters) - The Slovak crown firmed against the euro on Wednesday, approaching 9-week highs seen in the previous two sessions...

...and dealers said trading might be 
volatile due to low liquidity and market holidays in the U.S. 
    The crown stood at 33.505 per euro  as of 0810 GMT, 
compared with 33.620 late on Tuesday. It touched a 9-week peak 
of 33.480 in the previous two sessions. 
    "The market is illiquid, many investors left for holidays," 
said a dealer with a foreign bank in Bratislava. "The crown 
might jump up and down." 
    U.S. markets are closed for a holiday on Wednesday, while 
the Slovak market will shut on Thursday. 
    The crown did not react to remarks by a Standard & Poor's 
analyst late on Tuesday who told Reuters there was no strong 
momentum for a rating upgrade ahead of Slovakia's euro zone 
entry, planned for 2009. 
-----------------MARKET SNAPSHOT AT 0810 GMT------------------- 
Crown/Euro  33.505 vs 33.620 on Tuesday (+0.34 pct) 
Crown/Dollar  24.594 vs 24.650 (+0.23 pct)  
5-yr govt bond  yield 4.692/4.541 pct 
7-yr govt bond  yield 4.747/4.548 pct 
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