Slovak crown near 1-wk highs, eyes U.S. jobs data

02.02.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    The Slovak crown held flat 
versus the euro on Friday as investors waited for the release of 
U.S. jobs data to provide a new impulse for emerging markets, 
traders said. 
    The crown was quoted at 34.840 per euro  as of 0830 
GMT, unchanged from Thursday's close and in sight of its 
one-week high of 34.800 hit in the previous session. 
    "The U.S. data will again play the key role for the crown," 
KBC Bank wrote in a market note. "A good result will support the 
greenback and yields, which in turn might harm regional 
currencies." 
    Emerging markets sentiment has brightened this week after 
U.S. Federal Reserve held interest rates steady and sent a 
dovish signal to investors, analysts said. 
    The crown's gains this week have increased chances that the 
central bank would again reject part of the bids in its regular 
two-week repo tender on Tuesday to make the local unit less 
attractive for speculative capital, traders said. 
    "The probability that the central bank will resume partial 
rejection of bids in regular repo tenders increases," said 
Slovenska Sporitelna analyst Michal Musak. 
------------------ MARKET SNAPSHOT AT 0830 GMT ----------------- 
Crown/euro  34.840 vs 35.840 on Thursday (+0.00 pct) 
Crown/dollar   26.752 vs 26.755 (+0.01 pct) 
5-yr govt bond  yield 4.305/4.143 vs 4.329/3.929 pct 
7-yr govt bond  yield 4.350/4.219 vs 4.398/4.198 pct 
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[BRATISLAVA/Reuters/Finance.cz]

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