By Boldizsar  Gyori
       BUDAPEST, July 2 (Reuters) - The Hungarian forint and
the Polish zloty led losses in central Europe on Tuesday as a
risk-off mood prevailed in emerging markets and the dollar
strengthened.
    The Polish zloty was trading at a 10-day low of
4.328 at 1019 GMT after briefly firming past the psychological
level of 4.3 euros during Monday's trading.
    "The zloty returned above the level of 4.3113 per EUR,
which, based on technical analysis, changes the picture to a
less favourable one for the Polish currency," Bank Millennium
said in a note.
    "We also believe that the persistence of political risk...
will not allow the region's currencies to appreciate strongly,"
the bank added, referring to the second round of French
elections this weekend after the far right won the first round.
    Hungary's forint led losses in the region by
weakening 0.4%, trading at 396.35, due to global factors such as
the strengthening of the dollar and eurozone inflation, Zoltan
Arokszallasi, head of analysis at Equilor said.
    "The forint's movement seems to be influenced by global
factors, such as the U.S. dollar or the eurozone inflation,
which would show the rate path for the European Central Bank,"
Arokszallasi said. 
    Consumer inflation in the 20 nations sharing the euro
currency slowed to 2.5% in June from 2.6% a month earlier, in
line with expectations.
    The figures are unlikely to provide the ECB much clarity on
where prices will go. ECB President Christine Lagarde had
already said that more time is needed to be certain, so there
should be no hurry to ease policy further.
    The next forint-specific data that investors will be
watching are on retailers and industry output, scheduled to be
published on Friday this week, Arokszallasi said. 
    The Czech crown weakened by 0.2% and hit
late-Aprils lows at 25.2.
                    CEE        SNAPSHOT    AT                 
                    MARKETS               1219          
                                          CET           
                               CURRENCIE                      
                               S                        
                               Latest     Prev  Daily   Change
                                          ious          
                               trade      clos  change  in
                                          e             2024
 EURCZK=   Czech                 25.1990  25.1  -0.19%  -1.97%
           crown                           500          
 EURHUF=   Hungary              396.3500  394.  -0.43%  -3.32%
           forint                         6500          
 EURPLN=   Polish                 4.3285  4.31  -0.32%   +0.37
           zloty                            45               %
 EURRON=   Romania                4.9769  4.97  -0.02%  -0.05%
           n leu                            61          
 EURRSD=   Serbian              116.9500  117.   +0.14   +0.25
           dinar                          1100       %       %
           Note:    calculated from             1800          
           daily                                CET     
           change                                       
                                                              
                               Latest     Prev  Daily   Change
                                          ious          
                                          clos  change  in
                                          e             2024
 .PX       Prague                1557.29  1555   +0.11   +10.1
                                          .620       %      3%
                                             0          
 .BUX      Budapes              71797.03  7228  -0.68%   +18.4
           t                              8.23              4%
 .WIG20    Warsaw                2527.39  2553  -1.01%   +7.87
                                           .09               %
 .BETI     Buchare              18201.38  1817   +0.13   +18.4
           st                             7.50       %      1%
                                                              
                                                Spread  Daily
                                                vs      change
                                                Bund    in
           Czech                                        spread
           Republi                                      
           c                                            
 CZ2YT=RR                                  20      ps  
 CZ5YT=RR                                 120      ps  
 CZ10YT=R                                 00      ps  
           Poland                                             
 PL2YT=RR                                  70      ps  
 PL5YT=RR                                 340      ps  
 PL10YT=R                                370      ps  
                                                              
                    FORWARD RATE                              
                    AGREEMENTS                          
                               3x6        6x9   9x12    3M
                                                        interb
                                                        ank
           Czech            <       4.38  4.15    3.97    4.70
           Rep      PRIBOR=>                            
           Hungary          <       7.11  6.87    6.61    6.87
                    BUBOR=>                             
           Poland           <       5.80  5.70    5.43    5.85
                    WIBOR=>                             
           Note:    are for ask prices                        
           FRA                                          
           quotes                                       
           *******************************************        
           *******************                          
 

 (Reporting by Boldizsar Gyori in Budapest; editing by Philippa
Fletcher)