PRAGUE, Nov 1 (Reuters) - The Czech crown held off a

nearly three-month low on Friday, little moved by data showing a

slowing manufacturing decline as focus turned toward a central

bank rate meeting next week, while central Europe's other

currencies hovered as local markets were closed for holidays.

Hungary's forint was just off 22-month lows hit this week

and Poland's zloty was hanging around a 4-1/2 month low. Both

were a touch down on the day amid holiday trading.

A Reuters poll on Friday forecast central European

currencies rising to stronger levels in the coming months after

recent weakness caused by global market moves before U.S.

elections. But the relief will be limited, forecasts showed.

"There still seems to be no room for stabilisation here in

the near term and we expect CEE to remain under pressure at

least until the U.S. election," ING said in a note on Friday.

The dollar has firmed on bets that Republican candidate

Donald Trump could win next week's U.S. election. That dollar

strength has weighed on appetite for riskier emerging market

assets.

On Friday, the crown dipped less than 0.1% on the

day to 25.335 to the euro. The Reuters poll saw the crown

firming to 25.10 over the next three months and leading gains

over the next year.

The crown got some support on Friday after data from S&P

Global Purchasing Managers' Index (PMI) indicated manufacturing

activity last month declined at its slowest pace since June

2022. But some analysts said it was still too early to cheer

amid declining factory orders and as manufacturing remains the

main drag on an overall economic recovery.

Markets were also watching a Czech central bank policy

meeting next week amid chances policymakers will continue to cut

interest rates.

Czech rate-setter Jan Prochazka told Reuters last week that

the bank could continue easing monetary policy amid weaker

growth abroad and a slow domestic demand recovery, but must be

mindful of inflation hotspots.

CEE SNAPSHOT AT

MARKETS 1011

CET

CURRENCIES

Latest Previo Daily Change

us

trade close change in 2024

Czech 0

Hungary 00

Polish Romania Serbian 00

Note: calcula 1800 CET

daily ted

change from

Latest Previo Daily Change

us

close change in 2024

Prague 1652.74 1639.2 +0.82% +16.88

600 %

Budapes 73865.96 73865. +0.00% +21.85

t 96 %

Warsaw 7

Buchare 17487.68 17439. +0.28% +13.77

st 09 %

Spread Daily

vs Bund change

in

Czech spread

Republi

c

0

0

Poland

0

FORWARD RATE

AGREEMENTS

3x6 6x9 9x12 3M

interba

nk

Czech Hungary Poland Note: are for

FRA ask

quotes prices

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