Slovak crown steady after retreat from record high

18.10.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, Oct 18 (Reuters) - The Slovak crown stood little 
changed against the euro on Wednesday after investors booked 
profits late on Tuesday, prompted by the currency reaching 
record highs, but traders said sentiment remained bullish. 
    The crown hit a record of 36.715 on Tuesday after Moody's 
raised Slovak government debt ratings to "A1" from "A2" on the 
country's solid record of structural reforms and economic 
dynamism. 
    The crown traded at 36.800 to the euro as of 0720 GMT, 
little changed from 36.750/800 late on Tuesday. 
    "There is a firming trend on the crown, but there also might 
be a mixed interest to buy and sell after the rally," said Tatra 
Banka dealer Boris Somorovsky. 
    Traders expected the crown to settle in a range of 
36.650-36.900 per euro on Wednesday. 
    The crown was forecast to remain influenced by capital flows 
on emerging markets, with dealers saying a monthly monetary 
policy meeting at the end of October could provide new impetus 
for the market.  
----------------MARKET SNAPSHOT AT 0720 GMT------------------- 
Crown/Euro <EURSKK=> 36.800 vs 36.750 on Tuesday (-0.13 pct) 
Crown/Dollar <SKK=>  29.311 vs 29.294 (-0.06 pct) 
5-yr govt bond <SK5YT=RR> yield 4.612/4.314 vs 4.627/4.327 
9-yr govt bond <SK9YT=RR> yield 4.558/4.359 vs 4.588/4.388 
-------------------------------------------------------------- 
 ((Reporting by Martin Santa, editing by Mike Peacock; Reuters 
Messaging: martin.santa.reuters.com@reuters.net; +40 21 315 
8320)) 
  Keywords: MARKETS SLOVAKIA CROWN OPEN 
    

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