Slovak crown at 5-wk highs, eyes region, budget

    BRATISLAVA, Sept 18 (Reuters) - The Slovak crown <EURSKK=> 
rose to a five-week high of 37.350 to the euro early on Monday, 
driven by bright mood on the emerging markets in the past week. 
    The crown was quoted at 37.370 against the euro as of 0840 
GMT, up from 37.455 late on Thursday. All financial markets were 
closed on Friday for a national holiday. 
    Traders said the sentiment on bigger neighbouring markets 
would set unit's direction in the short term as investors 
awaited domestic news on the 2007 state budget draft and further 
monetary policy tightening. 
   "The market's attention should be drawn to the details in the 
2007 budget plan in upcoming weeks," ING Bank wrote in a market 
note. 
    Slovakia's leftist government agreed a fiscal gap ceiling 
for the 2007 state budget of 3.0 percent, but analysts said were 
aware of more details to investigate country's viability to 
maintain the ambition to enter the euro area in 2009. 
    The budget outline should be completed in the coming two 
weeks and must be submitted to the parliament by October 15. 
----------------MARKET SNAPSHOT AT 0840 GMT------------------- 
Crown/Euro <EURSKK=> 37.370 vs 37.455 on Thursday 
Crown/Dollar <SKK=>  29.452 vs 29.354 
5-yr govt bond <SK5YT=RR> yield 5.034/4.734 vs 4.887/4.587 
9-yr govt bond <SK9YT=RR> yield 4.881/4.680 vs 4.784/4.585 
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 ((Reporting by Martin Santa, editing by Chris Pizzey; 
martin.santa@reuters.com; Reuters Messaging: 
martin.santa.reuters.com@reuters.net; +421-2 5341 8402)) 
  Keywords: MARKETS SLOVAKIA CROWN OPEN