Slovak crown at 1-wk high as region rebounds

    The Slovak crown hit a one 
week high of 34.800 per euro on Thursday as investors boosted 
positions in emerging markets, with dealers predicting further 
short-term gains driven by an improved regional mood. 
    The crown broke the psychological 35.000 per euro level 
early in the session as bullish sentiment swept across central 
European markets. 
    The currency closed at 34.850 per euro , up 0.5 
percent from Wednesday's close at 35.010. 
    "Sentiment is now oriented in favour of emerging markets," 
one Bratislava-based trader said.  
    "Big London banks are selling euros for local currencies, 
and I don't think this will change in the coming week." 
    Emerging markets have been losing ground over past few weeks 
due capital outflows, but recovered on a U.S. Federal Reserve 
decision to keep interest rates steady and its dovish tone, that 
signalled no tightening of policy was needed in the near future. 
------------------ MARKET SNAPSHOT AT 1605 GMT ----------------- 
Crown/euro  34.840 vs 35.010 on Wednesday (+0.30 pct) 
Crown/dollar   26.755 vs 26.905 (+0.56 pct) 
5-yr govt bond  yield 4.329/3.929 vs 4.316/3.214 pct 
7-yr govt bond  yield 4.398/4.198 vs 4.345/4.200 pct 
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[BRATISLAVA/Reuters/Finance.cz]