WARSAW, Nov 26 (Reuters) - The Polish zloty held steady

on Tuesday after further positive data from the domestic

economy, even as emerging market currencies came under pressure

with the prospect of trade tariffs boosting the dollar.

The U.S. dollar rose and investors braced for policies that

could set the stage for trade spats, after President-elect

Donald Trump said he would impose tariffs on products coming

into the United States from Mexico, Canada and China.

Data showed Polish retail sales in constant prices bounced

back with a 1.3% growth year-on-year in October, above analysts'

expectations of 0.8% growth. Industrial production data on

Monday also beat expectations.

The zloty traded sideways at 4.3170 per euro as of

1026 GMT, holding onto gains from Monday.

A Warsaw-based trader said that this week's data was

positive, but it was mostly Poland's stable interest rates and

European Union funds that were propping up the zloty in the face

of pressure from the firming dollar.

"We still have high carry and at the same time we have a

(central) bank that seems to be in no hurry to cut interest

rates."

"Secondly, it's the Ministry of Finance, which probably

still has a lot of euros and will be selling," the trader said,

adding they could in part be traded in the market.

Hungary's forint slid 0.5% to 411.55 per euro,

losing some of its gains from the previous session.

"Markets do not expect anything significant to happen on the

domestic front this year, so what could move the forint till the

end of the year is any steps from the ECB or the Fed, or

something that Trump says," an FX trader in Budapest said.

Hungary's economy minister Marton Nagy said in an interview

late on Monday that the country's economy could grow only by

0.7%-0.8% this year, but is expected to pick up in 2025 and that

"hopefully" the 6.5% base rate can decrease next year.

Nagy also said Prime Minister Viktor Orban could announce

the nominations for the new central bank governor within a few

days.

Hungary's central bank left its base rate steady at the

European Union's joint highest level of 6.5% last week after a

sharp fall in the forint following the re-election of Donald

Trump, whose trade tariff plans could hit central Europe.

Elsewhere, the Czech crown held steady at 25.30

per euro.

CEE MARKETS

SNAPSHOT AT

1126 CET

CURRENCI

ES

Latest Previous Daily Change

trade close change in 2024

Czech 25.3000 25.3025 +0.01% -2.37%

crown

Hungary 411.5500 409.6550 -0.46% -6.89%

forint

Polish 4.3170 4.3187 +0.04% +0.64%

zloty

Romanian 4.9769 4.9776 +0.01% -0.05%

leu

Serbian 116.9000 117.0000 +0.09% +0.30%

dinar

Note: daily change

calculated from 1800

CET

Latest Previous Daily Change

close change in 2024

Prague 1698.33 1679.470 +1.12% +20.11%

0

Budapest 80142.51 79471.58 +0.84% +32.20%

Warsaw 2209.90 2202.76 +0.32% -5.68%

Bucharest 16965.26 16982.34 -0.10% +10.37%

Spread Daily

vs Bund change

in

spread

Czech

Republic

2-year 3.2880 -0.0220 +126bps -4bps

5-year 3.6140 -0.0010 +156bps -1bps

10-year 3.8910 -0.0110 +168bps -2bps

Poland

2-year 4.8910 0.0250 +286bps +1bps

5-year 5.2370 0.0270 +319bps +2bps

10-year 5.6530 0.0510 +344bps +4bps

FORWARD

3x6 6x9 9x12 3M

interban

k

Czech Rep Hungary Poland Note: FRA quotes are

for ask prices

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(Reporting by Karol Badohal in Warsaw and Anita Komuves in

Budapest; Editing by Varun H K)