Slovak crown at 1-wk high, eyes region, GDP data

02.03.2007 | , Reuters
Zpravodajství ČTK


perex-img Zdroj: Finance.cz

    BRATISLAVA, March 2 (Reuters) - The Slovak crown firmed to a 
one-week high of 34.300 per euro on Friday as central European 
markets continued to recover from shaky ride early in the week, 
dealers said. 
    The crown was at 34.340 against the euro  as of 
1500 GMT, after 34.400 late on Thursday. 
    "The general sentiment will stay the main driving factor and 
if the upside (weakening) pressure on euro/crown eases, we could 
see the pair trying to break 34.30 support," said Piotr Matys 
analyst at 4Cast Limited. 
    On the domestic front, the market will focus on the release 
of detailed gross domestic product data for 2006, scheduled for 
Tuesday. 
    Preliminary data showed real GDP up by 9.5 percent in the 
fourth quarter, and the structure of economic growth may shed 
light on the possible timing of a central bank monetary policy 
easing expected by analysts later this year. 
------------------ MARKET SNAPSHOT AT 1500 GMT ----------------- 
Crown/euro  at 34.335 vs 34.400 on Thursday (+0.19 pct) 
Crown/dollar   26.064 vs 26.136 (+0.28 pct) 
5-yr govt bond  yield 4.272/4.052 vs 4.350/4.150 pct 
7-yr govt bond  yield 4.312/4.093 vs 4.351/4.200 pct 
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