CEE MARKETS-Currencies move sideways as weaker dollar, EU funds in view

       By Alan Charlish
       WARSAW, Nov 25 (Reuters) - Central European currencies
were hovering close to recent levels in thin trade on Friday as
investors eyed a weakening dollar and worries over European
Union funding in Hungary in a market that remained subdued due
to a holiday in the United States.
    The greenback stood close to a three-month low and was
headed for a weekly loss as the prospect of the Federal Reserve
slowing monetary policy tightening as soon as December
preoccupied investors. A weaker dollar is generally supportive
for emerging market currencies.
    The Polish zloty was 0.05% stronger against the
euro at 4.6935.
    "The PLN has been suprisingly insensitive to the weaker
dollar which we would expect to lead to some strengthening in
the PLN," said Piotr Bartkiewicz, an economist at Pekao.
    "It seems that many of the trends that we have seen over
recent weeks have exhausted themselves, in particular the trend
towards a stronger U.S. dollar."
    The Hungarian forint was 0.13% weaker at 412.60.
    The region's worst performing currency this year, the forint
has been hit in recent days by media reports that the European
Commission was going to withhold funding for Budapest due to
concerns over the rule of law.
     "Reports on EU funds further weakened the forint in the
first half of the previous session, it tested the 415 level, and
if that was broken the next level could be around 430 so it is
worth watching that in the next few days," brokerage Equilor
wrote in a note.
    A trader in Budapest said that there was little trade in the
forint and that it would likely remain in the 412-414 range on
Friday.
    The Czech crown was 0.08% stronger at 24.38, while
the Romanian leu was 0.11% stronger at 4.9175.
                  CEE     SNAPSH   AT
                  MARKET  OT      1039
                  S               CET
                          CURREN
                          CIES
                          Latest  Previo  Daily   Change
                                  us
                          bid     close   change  in
                                                  2022
 EURCZK  Czech    0       0       %       %
 EURHUF  Hungary  00      00               %
 EURPLN  Polish   %
 EURRON  Romania  %       %
 EURHRK  Croatia  %
 EURRSD  Serbian  00      50       %       %
         Note:    calculated              1800
         daily    from                    CET
         change

                          Latest  Previo  Daily   Change
                                  us
                                  close   change  in
                                                  2022
 .PX     Prague           1242.0  1244.4  -0.20%
                               4     700
 .BUX    Budapes          45097.  45276.  -0.40%  -11.09
         t                    07      59               %
 .WIG20  Warsaw   7       5               %
 .BETI   Buchare  27      78       %       %
 .SBITO  Ljublja  0       7               %
 .CRBEX  Zagreb   6       2       %
 .BELEX  Belgrad  .SOFIX  Sofia    %

                          Yield   Yield   Spread  Daily
                          (bid)   change  vs      change
                                          Bund    in
         Czech                                    spread
         Republi
         c
 CZ2YT=           0      ps
 CZ5YT=           ps
 CZ10YT           ps
         Poland
 PL2YT=           ps
 PL5YT=           ps
 PL10YT           ps
                  FORWAR
                  D
                          3x6     6x9     9x12    3M
                                                  interb
                                                  ank
         Czech    Hungary  Poland   Note:    are for ask
         FRA      prices
         quotes
         ***************************************
         ***********************
 (Reporting by Alan Charlish in Warsaw, Anita Komuves in
Budapest, Robert Muller in Prague)