Slovak crown eases vs euro, eyes U.S. data, Fed

18.07.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

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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