Slovak crown hits 2-wk high as U.S. rates seen down

11.09.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

BRATISLAVA, Sept 11 (Reuters) - The Slovak crown firmed to a two-week high against the euro on Tuesday, with dealers citing investors'...

...expectations of a U.S. interest rate cut next week as 
the reason for the move. 
    The crown reached 33.550 per euro  on Tuesday, its 
strongest since August 27, after being stuck in a narrow range 
of 33.700-33.830 since the beginning of September. 
    It stood at 33.610 as of 1500 GMT after 33.690 late on 
Monday. 
    "There are London players showing interest to buy crowns," 
said Tatra Banka dealer Boris Somorovsky.  
    The crown shrugged off slightly worse-than-expected August 
inflation data as well as sound July foreign trade gap figures 
and remained driven by regional and global influences 
    

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