Slovak crown near 10-wk high, eyes Eurostat, Poland

19.10.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown held near 10-week highs against the euro on Friday thanks to a positive mood on emerging markets, as investors awaited Polish...

...elections 
and upcoming Eurostat comments on Slovakia. 
    The crown was quoted at 33.440 per euro  as of 0745 
GMT, compared with 33.430 late on Thursday. The unit rose as 
high as 33.370 on Thursday, its strongest level since August 9. 
    "Continued positive mood towards emerging market currencies 
and a weaker U.S. dollar gave a further boost for the crown," 
KBC bank wrote in a market note. "If it remains positive, the 
crown might extend its gains." 
    The neighbouring Czech crown opened at a fresh life-time 
high versus the euro on Friday. The Polish zloty hovered near 
6-year highs on investors' expectations of a market-friendly 
outcome from Sunday's election. 
    The market is also primed for Eurostat's verdict on 
Slovakia's fiscal deficit recalculation, due at 0900 GMT on 
Monday. 
----------------MARKET SNAPSHOT 0745 GMT ---------------------- 
crown/euro    33.440 vs 33.430 on Thursday (-0.03) 
crown/dollar     23.426 bid vs 23.433 (+0.02) 
5-yr govt bond due March 2012  at 4.592/4.442 pct 
10-yr govt bond due April 2017  at 4.790/4.585 pct 
--------------------------------------------------------------- 
 

[BRATISLAVA/Reuters/Finance.cz]

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