Slovak crown near 8-mth highs, ignores govt tensions

14.11.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown neared eight-month highs against the euro on Wednesday, supported by a series of positive economic data and ignoring a fresh...

...row inside 
the government coalition, traders said. 
    The crown was at 32.865 per euro as of 0845 GMT, little 
changed from Tuesday's close of 32.855. 
    The crown started to firm on Friday after data showed an 
unexpected foreign trade surplus for September, and the rise 
accelerated on Tuesday following the release of above-forecast  
gross domestic product growth for the third quarter. 
    Analysts said investors did not appear to be worried about 
the latest fight between Prime Minister Robert Fico and Vladimir 
Meciar, the leader of the junior ruling coalition party HZDS. 
    Fico told Meciar on Tuesday he risked a breakup of the 
ruling coalition if he continued backing a land administration 
official who signed a deal in which the state may have lost 10s 
of millions of dollars. 
    "The markets are still processing positive data from the 
previous days, and are not paying attention to politics, because 
escalation of the current conflict into a serious political 
crisis is rather unlikely," said Lucia Sramkova, the senior 
economist at ING Bank in Bratislava. 
 (Reporting by Peter Laca, editing by Mike Peacock) 
  
 
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[BRATISLAVA/Reuters/Finance.cz]

Autor článku

Peter Laca  

Články ze sekce: Zpravodajství ČTK