Slovak crown falls to 2-wk lows vs euro, seen weak

...emerging assets, and dealers said more 
losses might be in the pipeline in the short run. 
    At 1210 GMT, the crown was at 33.360 per euro, compared with 
33.440, its weakest level since July 11, seen earlier in the 
session. It closed at 33.230 on Wednesday. 
    "The dollar firmed and the euro/yen fell as people run from 
risky assets," said Andrej Zeman, dealer at ING Bank in 
Bratislava. 
    The greenback rebounded strongly on Wednesday from 15-year 
lows against a basket of major currencies , while the euro 
fell to a one-month low against the Japanese yen . 
    Dealers said the crown, which had been firming rapidly in 
the past weeks, was likely to give up more ground if global risk 
aversion increases further. 
    "It seems we have stopped so far. But it is possible that we 
will go towards 33.500 per euro if risk aversion continues," 
said a trader with a foreign bank in Bratislava. 
    The crown has lost 1.1 percent against the euro since 
touching a four-month high of 32.990 on a rating outlook upgrade 
on Monday. It is still 3.4 percent up this year. 
 ----------------- MARKET SNAPSHOT AT 1210 GMT ----------------- 
Crown/euro at 33.360 vs 33.230 on Wednesday (-0.39 pct) 
 Crown/dollar  at 24.299 vs 24.226 (-0.30 pct) 
 5-year yield due March 2012  4.597 pct bid vs 4.624 
 7-year yield due Feb 2014    4.626 pct bid vs 4.650 
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