Slovak crown retreats from 2-wk highs vs euro

09.08.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown retreated on Thursday from two-week highs against the euro seen in the previous session, hit by revived investors' fears...

...over problems 
in global credit markets, analysts said. 
    At 1155 GMT, the crown was at 33.440 per euro , 
compared with Wednesday's two-week top of 33.260 and a close of 
33.280. 
    "Yesterday the euro/crown managed to break the bottom of its 
recent trading range of 33.300-33.550, but risk aversion added 
fuel to the upside pressure which pushed the pair back to the 
range," said Piotr Matys, analyst at 4Cast in London. 
    The crown did not react to Thursday's release of June retail 
sales data, which showed a slightly bigger slowdown in growth 
than the market had expected. 
    Analysts said global sentiment would remain the crown's key 
driver in the short run. A release of key indicators, June 
foreign trade and local inflation for July, on Friday might move 
the unit only if the figures surprise the market, they said. 
 --------------- MARKET SNAPSHOT AT 1155 GMT ------------------- 
Crown/euro at 33.440 vs 33.280 on Wednesday (-0.48 pct) 
 Crown/dollar  at 24.322 bid vs 24.059 (-1.1 pct) 
 5-yr bond yld due Mar 2012  at 4.64 pct bid vs 4.63 
10-yr bond yld due April 2017  at 4.78 pct vs 4.80 
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[BRATISLAVA/Reuters/Finance.cz]

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