BRATISLAVA, July 30 (Reuters) - The Slovak crown weakened
against the euro on Monday as risk aversion persisted on
emerging markets and dealers...
...said global sentiment will outweigh
a central bank rate meeting this week as the main driving
factor.
The crown was at 33.530 per euro as of 1330 GMT,
versus 33.280 seen on Friday. The Slovak unit has fallen 1.6
percent against the euro from four-month highs last Monday.
The Slovak central bank holds its monthly monetary policy
meeting on Tuesday, but market players expect no change in the
key two-week repo rate, currently at 4.25 percent.
"We think that space for surprises is limited, particularly
in the light of currency correction to 33.400-500," ING Bank
Bratislava said in a market report.
Analysts said the central bank, which cut rates twice by 25
basis points earlier this year, would now wait for a European
Central Bank rate hike to even out local borrowing costs with
euro zone levels.