Slovak crown hovers near all-time highs vs euro

23.10.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, Oct 23 (Reuters) - The Slovak crown <EURSKK=> 
hovered near its lifetime highs versus the euro in early trade 
on Monday, and dealers said a bullish mood may push it beyond a 
key 36.5 per euro mark this week. 
    The crown climbed to a record peak of 36.490 per euro on 
Friday, fuelled by the central bank's remarks that the 
euro-entry conversion rate might be set close to the market 
value. 
    The currency was quoted at 36.530 per euro bid as of 0800 
GMT, compared with 36.570 late on Friday. 
    "We expect the crown to follow mainly the regional mood 
today and tomorrow. We see it in a range of 36.40-36.70 to the 
euro," Slovenska Sporitelna wrote in a market note. 
    The central bank's comments, a Moody's ratings upgrade and 
buoyant sentiment in emerging markets have helped the crown firm 
2.7 percent versus the euro over the past month. 
    Investors will now assess whether policymakers will continue 
the tightening cycle at the monetary meeting on October 31, to 
keep inflation in check and maintain the country's drive to 
adopt the euro in 2009. 
----------------MARKET SNAPSHOT AT 0800 GMT------------------- 
Crown/Euro <EURSKK=> 36.530 vs 36.570 on Friday (+0.11 pct) 
Crown/Dollar <SKK=>  29.015 vs 29.000 (-0.05 pct) 
5-yr govt bond <SK5YT=RR> yield 4.602/4.336 vs 4.535/4.234 
9-yr govt bond <SK9YT=RR> yield 4.542/4.341 vs 4.539/4.338 
-------------------------------------------------------------- 
  ((Reporting by Martin Santa, editing by Gerrard Raven; Reuters 
Messaging: martin.santa.reuters.com@reuters.net; +421 5341 
8402)) 
  Keywords: MARKETS SLOVAKIA CROWN OPEN 
    

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