Slovak crown hits 1-week low on end-yr profit taking

13.12.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

The Slovak crown eased to a one-week low against the euro early on Thursday as investors booked profits from previous gains before the end of...

...the year, 
traders said. 
    The crown fell as low as 33.350 per euro  on 
Thursday, rebounding slightly to 33.290 at the end of the 
session. It closed at 33.140 per euro on Wednesday. 
    "Banks took profits ahead of the end of the year," said 
Tatra Banka dealer Boris Somorovsky. "The crown should float 
within a range of 33.000-33.450 per euro next week, and 
liquidity will be probably thin." 
    Traders said sentiment on emerging markets would set the 
pace for Slovak unit due to lack of domestic impulses. 
    The market has fully priced-in a scenario of the central 
bank leaving interest rates flat at its Dec. 18 monthly monetary 
policy meeting, dealers said. 
--------------- MARKET SNAPSHOT AT 1530 GMT ------------------- 
Crown/euro at 33.290 vs 33.140 on Wednesday (-0.45 pct) 
Crown/dollar  at 22.700 bid vs 22.490 (-0.93 pct) 
 5-yr bond yld due Mar 2012  at 4.549/4.351 pct  
10-yr bond yld due April 2017  at 4.800/4.600 pct 
--------------------------------------------------------------- 
    (Reporting by Martin Santa) 
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[BRATISLAVA/Reuters/Finance.cz]

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