Slovak crown flat, market eyes Fed meeting

25.10.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, Oct 25 (Reuters) - The Slovak crown was little 
changed against the euro on Wednesday and dealers said investors 
were waiting for signals from the U.S. market to set the trend 
for emerging currencies. 
    The crown <EURSKK=> traded at 36.550 to the euro as of 0750 
GMT, compared with 36.590 late on Monday, close to Friday's 
all-time high of 36.490. 
    HVB trader Marian Sulko said the key factor for the market 
was the U.S. Federal Reserve meeting later on Wednesday. 
    "If there are hawkish comments there, the crown and emerging 
markets could weaken," Sulko said. 
    The next domestic impetus for the crown might come from the 
National Bank of Slovakia monetary policy meeting on Oct. 31. 
    The majority of analysts polled by Reuters predicted the 
central bank would raise the main two-week repo rate by 25 basis 
points, after a similar move at the end of September. 
----------------MARKET SNAPSHOT AT 0750 GMT------------------- 
Crown/Euro <EURSKK=> 36.550 vs 36.560 on Tuesday (+0.03 pct) 
Crown/Dollar <SKK=>  29.083 vs 29.149 (+0.23 pct) 
5-yr govt bond <SK5YT=RR> yield 4.600/4.400 vs 4.601/4.399 
8-yr govt bond <SK9YT=RR> yield 4.450/4.350 vs 4.602/4.402 
-------------------------------------------------------------- 
 ((Reporting by Martin Santa; editing by Mike Peacock; Reuters 
Messaging: martin.santa.reuters.com@reuters.net; +421 5341 
8402)) 
  Keywords: MARKETS SLOVAKIA CROWN OPEN 
    

Autor článku

 

Články ze sekce: Zpravodajství ČTK