Slovak crown rangebound vs euro, eyes region, budget

04.12.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, Dec 4 (Reuters) - The Slovak crown moved in a 
narrow range against the euro in thin Monday trade, in sight of 
last week's record highs, and dealers saw the unit locked at 
current levels in the short run. 
    At 1530 GMT, the crown traded at 35.500 per euro <EURSKK=>, 
compared with 35.525 late on Friday. 
    "I expect the crown to oscillate around the 35.500 per euro 
mark, unless there is a move in the region," said Slovenska 
Sporitelna dealer Vladimir Gajdos. 
    Last week, the crown rallied to a record of 35.450 per euro, 
propelled by a bullish mood in central Europe and country's 
sound economic fundamentals. 
    Next domestic impulse could emerge from the parliamentary 
debate on the 2007 state budget, due to start on Tuesday. 
    Investors eye the debate to see whether deputies endorse the 
government's plan to cut the next year's fiscal deficit to 2.9 
percent of GDP, below the euro adoption criteria. 
----------------MARKET SNAPSHOT AT 1530 GMT------------------- 
Crown/Euro <EURSKK=> 35.500 vs 35.525 on Friday (+0.05 pct) 
Crown/Dollar <SKK=> 26.700 vs 26.660 (-0.15 pct) 
5-yr govt bond <SK5YT=RR> yield 4.351/149 vs 4.400/4.200 pct 
8-yr govt bond <SK8YT=RR> yield 4.301/101 vs 4.230/4.170 pct 
-------------------------------------------------------------- 
 ((Reporting by Martin Santa, editing by Ron Askew; Reuters 
Messaging: martin.santa.reuters.com@reuters.net; +40 21 315 
8320)) 
  Keywords: MARKETS SLOVAKIA CROWN AFTERNOON 
    

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