The Slovak crown was little
changed to the euro on Thursday, and dealers said they expected
the currency to rebound in the near term after capital outflow
in the past week pushed central European markets down.
The Slovak unit traded at 34.950 to the euro as of
0830 GMT, from 35.025 per euro late on Wednesday.
"The crown will continue following regional sentiment," said
Slovenska Sporitelna dealer Vladimir Gajdos. "It seems the
regional mood has calmed down, and we could return to stronger
levels, to around 34.800 per euro," Gajdos said.
The crown had fallen from record high of 34.050 per euro
since the start of the year as negative mood on central European
markets combined with Slovak central bank efforts to cap crown
rise.
----------------- MARKET SNAPSHOT AT 0830 GMT -----------------
Crown/euro 34.950 vs 35.025 on Wednesday (+0.21 pct)
Crown/dollar 26.881 vs 27.025 (+0.54)
5-yr govt bond yield 4.298/4.137 vs 4.302/4.102 pct
7-yr govt bond yield 4.313/4.183 vs 4.342/4.092 pct
---------------------------------------------------------------
[BRATISLAVA/Reuters/Finance.cz]



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