Slovak crown down on forint, seen holding range

19.09.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, Sept 19 (Reuters) - The Slovak crown <EURSKK=> 
eased on Wednesday as the Hungarian forint dragged central 
European currencies to weaker levels, dealers said. 
    The Slovak unit stood at 37.460 to the euro as of 1450 GMT, 
a touch weaker from 37.430 late on Monday. 
    The Slovak unit tracked the Hungarian forint, Polish zloty 
and Czech crown lower as investors worried about the fate of 
economic reforms in the region after anti-government riots in 
Hungary. 
    "The crown moved according to the Hungarian forint, but it 
was nothing dramatic. It did not move (weaken) through 37.500 
because there were good offers there," one foreign bank dealer 
in Bratislava said. 
    The crown has moved between 37.300 and 37.500 to the euro 
for around a week, and dealers did not expect significant jumps 
in the coming days. 
    "The range still holds, all will depend on the regional 
mood," the dealer said. 
    The next major domestic event is a central bank monetary 
policy meeting on Sept. 26. 
----------------MARKET SNAPSHOT AT 1450 GMT------------------- 
Crown/Euro <EURSKK=> 37.460 vs 37.430 (-0.07 pct) on Monday 
Crown/Dollar <SKK=>  29.492 vs 29.498 (+0.02 pct) 
5-yr govt bond <SK5YT=RR> yield 5.069/4.769 vs 5.045/4.736 
9-yr govt bond <SK9YT=RR> yield 4.960/4.760 vs 4.925/4.726 
-------------------------------------------------------------- 
 ((Reporting by Martin Santa, editing by Ruth Pitchford; 
martin.santa@reuters.com; Reuters Messaging: 
martin.santa.reuters.com@reuters.net; +421-2 5341 8402)) 
  Keywords: MARKETS SLOVAKIA CROWN CLOSE 
    

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