Slovak crown rebounds from 7-wk lows, seen edgy

...in the short 
run, lacking a clear trend. 
    The currency fell as low as 33.890 per euro  early 
on Friday but recovered later in the session as emerging markets 
rose on the back of a surprise Federal Reserve cut of its 
primary discount rate. 
    The unit traded at 33.680 per euro as of 1445 GMT, compared 
with 33.810 against the euro on Thursday. 
    "Markets have stabilised a bit, emerging markets firmed," 
one dealer with a foreign bank in Bratislava said. 
    "I hope this step (Fed action) will help to stabilise the 
situation and we will return to stronger levels." 
    Carry trades have been suffering from a heavy global 
sell-off in the past two-weeks, as investors shunned riskier 
assets and flew to safe haven currencies such as the Japanese 
yen. 
---------------- MARKET SNAPSHOT AT 1445 GMT-------------------- 
Crown/euro at 33.680 vs 33.810 on Thursday (-0.27 pct) 
Crown/dollar  at 24.900 vs 25.141 (-0.50 pct) 
 5Y bond yld due March/2012  at 4.49 pct bid vs 4.55 
10Y bond yld due April/2017  at 4.70 pct vs 4.75 
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[BRATISLAVA/Reuters/Finance.cz]