Czech crown hugs narrow range, eyes Sept c/a data

PRAGUE, Nov 13 (Reuters) - The Czech crown hugged a narrow range against the euro in morning trade on Monday, looking ahead to Tuesday's current account data release for impetus after a mild retreat from all-time highs posted last week.

The crown held little changed on the day at 28.120 per euro <0#EURCZK=> by 1115 GMT, with dealers suggesting it would likely stay locked within a range of between 28.100 and 28.300 through the end of this week.

Economists cut their estimates for the monthly current account deficit in September to a median forecast of 5.0 billion crowns from a previous 6.7 billion after data released earlier this month showed a surprise rise in the foreign trade surplus.

The gap is seen shrinking from 14.3 billion crowns in August and 8.4 billion in September 2005 <ECONCZ>.

"Better than expected trade figures would suggest a narrowing of the current account gap: however, huge repatriated profits of FDI companies will continue to burden the income balance," analysts at bank BNP Paribas said in a note.

The crown scaled an all-time high of 27.875 to the euro on Nov. 6, which -- together with a sharper than expected decline in October inflation -- has led investors to expect no more interest rate increases before the year-end.

----------------- MARKET SNAPSHOT AT 1115 GMT ----------------- Crown/euro <EURCZK=> last deals at 28.120 (+0.04 pct) Crown/dollar <CZK=> at 21.915 bid (unchanged)

5-year yield due Oct 2010 <CZ5YT=RR> 3.45 pct bid (-6 bps) 10-year yield due Jan 2016 <CZ10YT=RR> 3.73 pct bid (-3 bps)

5-yr CZK/EUR mid yield spread <DE114147=> -22 bps (vs -19) 10-yr CZK/EUR mid yield spread <DE113529=> 4 bps (vs 4)

Current levels versus prior domestic close at 1500 GMT ---------------------------------------------------------------

((Reporting by Marek Petrus; prague.newsroom@reuters.com; Reuters Messaging: marek.petrus.reuters.com@reuters.net; +420 224 190477; editing by Ruth Pitchford))

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Keywords: MARKETS CZECH CROWN MIDDAY