Slovak crown near record highs, seen in range

    BRATISLAVA, Dec 4 (Reuters) - The Slovak crown was steady on 
Monday morning, and dealers said it would continue following 
capital flows on emerging markets and move in a range near its 
record highs in the coming days. 
    The Slovak unit was quoted at 35.520 to the euro <EURSKK=> 
as of 0800 GMT, unchanged from Friday's close and in sight of 
the record high of 35.450 it hit last week. 
    "The crown continues to trade near its all-time highs, but 
the market lacks clear direction," ING Bank said in a note. 
    "All is about USD now, and the risk that global volatility 
will hit the crown gives justification for range trading in the 
near term," ING said. 
    Traders expected the crown to trade between 35.450-650 to 
the euro in the next few days. 
    On the local front, the market will watch parliamentary 
debate on the 2007 state budget draft, which starts on Tuesday, 
to see whether deputies endorse the government's plan to cut the 
fiscal deficit to 2.9 percent of GDP. 
----------------MARKET SNAPSHOT AT 0800 GMT------------------- 
Crown/Euro <EURSKK=> 35.520 vs 35.525 on Friday  
Crown/Dollar <SKK=> 26.710 vs 26.660  
5-yr govt bond <SK5YT=RR> yield unchanged at 4.400/4.200 pct 
8-yr govt bond <SK8YT=RR> yield 4.251/101 vs 4.230/4.170 pct 
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  ((Reporting by Peter Laca, editing by ; Reuters Messaging: 
peter.laca.reuters.com@reuters.net; +40 21 315 8320; editing by 
David Stamp)) 
  Keywords: MARKETS SLOVAKIA CROWN MORNING