Slovak crown flat, lacks trend

27.09.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, Sept 27 (Reuters) - The Slovak crown <EURSKK=> 
remained in a narrow range to the euro on Wednesday and traders 
expected regional sentiment to remain the market's key driver in 
the coming days. 
    The crown hovered around the 37.400 per euro level 
throughout the session, flat from Tuesday's close. 
    "It's mixed. There's is no clear trend," said Tatra Banka 
dealer Boris Somorovsky. 
    The crown has been by-passed by investors following 
developments on bigger regional markets. 
    The zloty lost ground on Wednesday as television aired 
secretly filmed footage that sparked calls for the conservative 
PM Jaroslaw Kaczynski to step down, with analysts saying the 
chances of a snap election has increased. 
    The currency only briefly benefited from a 25 basis point 
interest rate hike delivered by the central bank on Tuesday, 
    Next domestic impulse could emerge from the 2007 state 
budget draft debate, as investors await more details to assess 
Prime Minister Robert Fico's commitment to maintain the 
country's ambition to adopt the euro in 2009. 
    The draft must be submitted to the parliament for approval 
by October 15. 
----------------MARKET SNAPSHOT AT 1520 GMT------------------- 
Crown/Euro <EURSKK=> 37.400 vs 37.400 ( 0.00 pct) on Tuesday 
Crown/Dollar <SKK=>  29.445 vs 29.501 (+0.19) 
5-yr govt bond <SK5YT=RR> yield 4.850/4.585 vs 4.917/4.617 
9-yr govt bond <SK9YT=RR> yield 4.625/4.464 vs 4.714/4.514 
-------------------------------------------------------------- 
 ((Reporting by Martin Santa, editing by  ; 
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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