Slovak crown near record high, mkt sees correction

    BRATISLAVA, Oct 16 (Reuters) - The Slovak crown was little 
changed on Monday and hovered near its record highs against the 
euro, with dealers expecting a correction after the steady rise 
in the past few weeks. 
    The Slovak unit traded at 36.790 to the euro as of 0810 GMT, 
compared with the all-time high of 36.760 seen on Friday. 
    The crown has firmed in the past month thanks to an improved 
mood on central European markets, positive news about the 2007 
state budget and expectations of further interest rate 
increases. 
    "From the perspective of the next couple of days, we see a 
risk of profit-taking after the crown gained more than 2 percent 
in less then a month," Slovenska Sporitelna said in a market 
note. "We continue to regard the medium-term outlook for the 
crown as bright, with a potential for further appreciation." 
    The Slovak market will be driven mainly by capital flows in 
the region in the near term. 
    The next local impetus might come from a central bank 
monthly monetary policy meeting at the end of October. 
----------------MARKET SNAPSHOT AT 0810 GMT------------------- 
Crown/Euro <EURSKK=> 36.790 vs 36.760 on Friday (-0.08 pct) 
Crown/Dollar <SKK=>  29.354 vs 29.435 (+0.23 pct) 
5-yr govt bond <SK5YT=RR> yield 4.638/4.340 vs 4.632/4.332 
9-yr govt bond <SK9YT=RR> yield 4.599/4.398 vs 4.578/4.379 
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  ((Reporting by Martin Santa, editing by David Stamp; Reuters 
Messaging: martin.santa.reuters.com@reuters.net; +40 21 315 
8320)) 
  Keywords: MARKETS SLOVAKIA CROWN OPEN