Slovak crown hits 3-month peak vs euro, seen up

...the euro on Monday, and dealers said 
more gains were possible in the short term. 
    At 1430 GMT the crown was at 33.100 per euro , its 
strongest since April 4. It closed at 33.205 on Friday. 
    "Other (regional) currencies are also relatively strong, so 
it seems we will approach the 33.0 level in the coming days," 
said Tatra Banka dealer Boris Somorovsky. 
    The crown has gained 4.2 percent against the euro since 
mid-June and moved closer to record highs of 32.710 from March. 
The March jump had triggered interventions by the central bank 
(NBS) to slow the unit's advance. 
    EU Commissioner for Economic and Monetary Affairs Joaquin 
Almunia will hold a news conference in Bratislava on Tuesday and 
the market will watch his comments about Slovakia's prospects to 
join the euro zone in 2009 as planned. 
    A European Central Bank memo, obtained by Reuters in June, 
said Slovakia should not count on automatic fulfilment of the 
inflation criterion for the euro zone entry even if its 
inflation rate is below the reference level as it would have to 
prove that low price growth was sustainable. 
    ECB staff also said in the memo that Slovakia should tighten 
fiscal policy at a time of fast economic growth. 
-----------------MARKET SNAPSHOT AT 1415 GMT------------------- 
Crown/Euro  33.105 vs 33.205 on Friday (+0.30 pct) 
Crown/Dollar  23.995 vs 24.089 (+0.39 pct)  
5-yr govt bond  yield 4.668/4.487 vs 4.801/4.599 pct 
7-yr govt bond  yield 4.750/4.550 vs 4.747/4.547 pct 
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