Slovak crown up but room for firming seen limited

29.09.2006 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, Sept 29 (Reuters) - The Slovak crown <EURSKK=> 
traded a touch stronger to the euro on Friday but dealers said 
room for further firming was limited due to a bearish regional 
mood. 
    The crown traded at 37.370 to the euro as of 0855 GMT, up 
from 37.380/400 late on Thursday. 
    "The political situation in Poland is negatively influencing 
the crown slightly. It limits the unit from a more gradual 
strengthening, although there is interest to buy crowns," said 
VUB bank dealer Laco Benedek. 
    Benedek added Slovakia's solid economic fundamentals were 
underpinning the crown, which he said had the potential to 
strengthen against the euro in the medium-term. 
    Poland's zloty fell 0.2  percent to the euro on Friday, 
remaining under pressure because of a government crisis that has 
pushed the currency to two-month lows. 
----------------MARKET SNAPSHOT AT 0855 GMT------------------- 
Crown/Euro <EURSKK=> 37.370 vs 37.400 (+0.08 pct) on Thursday 
Crown/Dollar <SKK=>  29.503 vs 29.500 (-0.01) 
5-yr govt bond <SK5YT=RR> yield 4.682/4.382 
9-yr govt bond <SK9YT=RR> yield 4.547/4.348 
-------------------------------------------------------------- 
 ((Reporting by Martin Santa, editing by Mike Peacock; 
martin.santa@reuters.com; Reuters Messaging: 
martin.santa.reuters.com@reuters.net; +421-2 5341 8402)) 
  Keywords: MARKETS SLOVAKIA CROWN OPEN 
    

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