BRATISLAVA, July 18 (Reuters) - The Slovak crown weakened
against the euro on Wednesday, extending losses from the
previous session as global...
...risk aversion rose, dealers said.
At 0820 GMT, the crown was at 33.230 per euro ,
compared with Tuesday's close of 33.190 and Monday's three-month
high of 33.100.
"With the lack of domestic events, the market is expected to
track external factors, in particular U.S. CPI and (Federal
Reserve Chairman Ben) Bernanke's testimony," KBC bank said.
"Until then, we do not assume any major adjustments in the
exchange rate," the bank wrote in a note.
Piotr Matys, analyst at 4Cast in London, said room for the
crown to firm was limited, unless Bernanke's testimony to
Congress eased market concerns over U.S. subprime mortgages and
risk appetite improved.
-----------------MARKET SNAPSHOT AT 0820 GMT-------------------
Crown/Euro 33.230 vs 33.190 on Tuesday (-0.10 pct)
Crown/Dollar 24.079 vs 24.042 (-0.15 pct)
5-yr govt bond yield 4.751/4.551 vs 4.688/4.388 pct
7-yr govt bond yield 4.826/4.624 vs 4.747/4.547 pct
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