By Anita Komuves

BUDAPEST, May 31 (Reuters) - Hungary's forint edged down on Friday as

markets awaited a key U.S. inflation data and a ratings review of Hungary by

Moody's, both due later in the day.

The forint edged down 0.06% to trade at 389.3, at the end of a

week where it scaled a four-month high before plunging more than 1.6% as a

strong U.S. dollar and rising Treasury yields hit risk appetite in the CEE

region.

"The 390-level is very strong, it could stop the weakening," a

Budapest-based FX trader said. "However, there are some risks ahead, with the

U.S. inflation data and the Moody's ratings review of Hungary."

The ratings agency is scheduled to publish its ratings review later in the

day, after markets close.

Global shares were little changed on Friday and the dollar firmed, while

investors hunkered down for the Personal Consumption Expenditures (PCE) price

index for clues the Federal Reserve's thinking on interest rates.

The Polish zloty edged up 0.09%, trading at 4.2740 per euro,

halting losses from the previous sessions.

"The zloty is trying to recover after two days of quite a solid

depreciation," Bank Millennium wrote. "Globally, the last day of May will be

dominated by inflation readings from the euro zone and the United States."

Elswhere, the Czech crown slid 0.08% to trade at 24.751 as data

showed that the Chech economy grew 0.3% on a quarterly basis in the first

quarter, slower than an earlier flash estimate.

Stocks in the region were mixed, with Budapest's blue chip index

adding 0.71% while Warsaw was 0.53% higher.

CEE MARKETS

SNAPSHOT AT

1037 CET

CURRENCIES

Latest Previous Daily Change in

trade close change 2024

Czech 24.7510 24.7300 -0.08% -0.20%

crown

Hungary 389.3000 389.0500 -0.06% -1.57%

forint

Polish 4.2740 4.2780 +0.09% +1.65%

zloty

Romanian 4.9768 4.9770 +0.00% -0.05%

leu

Serbian 117.0100 117.1000 +0.08% +0.20%

dinar

Note: daily change

calculated from 1800 CET

Latest Previous Daily Change in

close change 2024

Prague 1540.97 1539.9000 +0.07% +8.98%

Budapest 68578.12 68095.19 +0.71% +13.13%

Warsaw 2476.95 2463.98 +0.53% +5.72%

Bucharest 17558.64 17562.27 -0.02% +14.23%

Spread Daily

vs Bund change in

spread

Czech

Republic

2-year 4.1850 0.0200 +109bps +0bps

5-year 4.2240 -0.0120 +151bps -4bps

10-year 4.3820 -0.0070 +171bps -3bps

Poland

2-year 5.2620 -0.0660 +216bps -9bps

5-year 5.6150 -0.0300 +290bps -5bps

10-year 5.7440 -0.0140 +307bps -3bps

FORWARD

3x6 6x9 9x12 3M

interbank

Czech Rep Hungary Poland Note: FRA quotes are for

ask prices

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(Reporting by Anita Komuves in Budapest and Pawel Florkiewicz in Warsaw;

Editing by Varun H K)