Slovak crown hits high vs euro, further rise seen

BRATISLAVA, Oct 13 (Reuters) - The Slovak crown <EURSKK=> hit a record high of 36.800 to the euro early on Friday, as investors continued to boost their crown holdings with dealers expecting it to test even firmer levels.

The crown has been propelled by strong economic growth and market expectations of a near-term monetary policy tightening.

It traded at 36.830 to the euro as of 0800 GMT, up from 36.840 late on Thursday. Traders said they see 36.800 to the euro as a solid resistance level.

"We consider a successful breach as possible only on a multi-session perspective, since there are some stop-loss orders at this threshold," ING bank wrote in a market note.

"Interest to buy the crown will continue, the crown might firm further, but we will by limited by regional sentiment," said Slovenska Sporitelna dealer Vladimir Gajdos.

A firming of the Polish zloty, which was stronger against the euro early on Friday as domestic political jitters calmed, will be important for the crown's further advance traders added. ----------------MARKET SNAPSHOT AT 0800 GMT------------------- Crown/Euro <EURSKK=> 36.830 vs 36.840 (+0.02 pct) on Thursday Crown/Dollar <SKK=> 29.309 vs 29.400 (+0.31) 5-yr govt bond <SK5YT=RR> yield 4.632/4.332 9-yr govt bond <SK9YT=RR> yield 4.668/4.508 --------------------------------------------------------------

((Reporting by Martin Santa, editing by Gerrard Raven; Reuters Messaging: martin.santa.reuters.com@reuters.net; +421-2 5341 8402))

Keywords: MARKETS SLOVAKIA CROWN OPEN