Slovak crown softer on Eurostat uncertainty

...recalculation of 
the fiscal deficit might derail the country's euro entry plan. 
    The crown stood at 33.960 per euro  as of 0920 GMT, 
compared with Monday's close of 33.875. 
    Slovakia has been negotiatinge with Eurostat on whether to 
include debts of more state-run companies into the overall 
fiscal deficit. 
    "Everything depends on the Eurostat," said a trader with a 
foreign bank in Bratislava. "Nervousness drags the crown 
weaker." 
    The crown is likely to float between 33.800 and 34.100 per 
euro in the short term before it is clear whether Slovakia will 
need to re-calculate the fiscal shortfall for 2007, key for the 
euro adoption, traders said. 
    The currency weakened by 0.9 since the news broke out on 
Sept. 13, despite comments by government and central bank 
officials, who said a potential revision would not endanger 
Slovakia's ambition to adopt the euro. 
    The Eurostat said on Monday it would not comment on any 
fiscal issues before Oct. 22. 
-----------------MARKET SNAPSHOT 0920 GMT --------------------- 
crown/euro    33.960 vs 33.875 on Monday (-0.25 pct) 
crown/dollar     23.945 vs 23.744 (-0.84 pct) 
5-yr govt bond due March 2012  at 4.57 pct bid vs 4.62 
10-yr govt bond due April 2017  at 4.80 pct vs 4.65 
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[BRATISLAVA/Reuters/Finance.cz]