By Alan Charlish

WARSAW, April 12 (Reuters) - Hungary's forint

retreated on Friday and headed for its first weekly loss in

three weeks, as a stronger dollar weighed on emerging market

currencies.

A higher-than-expected U.S. inflation print this week forced

traders to adjust their rate cut bets, and Federal Reserve

officials said that there was no urgency to ease rates.

A stronger dollar is generally negative for emerging market

currencies as it lowers the premium attached to holding riskier

assets.

At 0905 GMT the forint was 0.5% weaker at 391.60 to the euro

and has struggled to break far away from one-year lows near 400

hit last month.

"(Due to) a repricing in the market of the Fed rate-cut

cycle... we can see the dollar strengthening again and on the

back of the dollar strengthening we can see some weakness,

especially in the forint," said Peter Virovacz, senior economist

at ING in Hungary.

Virovacz also said that the forint had been boosted earlier

in the week by news that Hungarian Economy Minister Marton Nagy

and central bank Governor Gyorgy Matolcsy had put aside personal

differences, but that this effect was now fading.

The Polish zloty, which has been the region's best

performing currency this year as traders eye an inflow of

European Union funds, was 0.15% weaker at 4.2675.

"After a strong start to the week... the PLN/EUR is in a

consolidation phase," Bank Millennium said in a note.

The Czech crown was little changed at 25.35 per euro.

Stocks in the region tracked shares elsewhere in Europe

higher, amid optimism after the European Central Bank hinted

that it could begin interest rate cuts as soon as June.

The main indices in Poland, the Czech Republic and Hungary

were all around 0.6% higher on the day

Czech utility CEZ rose around 2.5% to a three-week

high, lifted by electricity price rises.

Its shares also lost a weight this week after Czech lower

house lawmakers on Wednesday rejected, as expected, a contested

passage in a bill on company transformations that critics said

would make it easier for the government to spin off or take over

parts of the company.

CEE SNAPSHOT AT

MARKETS 1106 CET

CURRENCI

ES

Latest Previous Daily Change

bid close change in 2024

EURCZK= Czech %

EURHUF= Hungary EURPLN= Polish EURRON= Romania %

EURRSD= Serbian %

Note: calculat 1800

daily ed from CET

change

Latest Previous Daily Change

close change in 2024

.PX Prague 1556.97 1546.890 +0.65 +10.11%

0 %

.BUX Budapes 67628.65 67205.07 +0.63 +11.56%

t %

.WIG20 Warsaw 2482.34 2468.31 +0.57 +5.95%

%

.BETI Buchare 17049.11 17013.16 +0.21 +10.92%

st %

Spread Daily

vs change

Bund in

Czech spread

Republi

c

CZ2YT=R ps

CZ5YT=R ps

CZ10YT= ps

Poland

PL2YT=R ps

PL5YT=R ps

PL10YT= ps

FORWARD

3x6 6x9 9x12 3M

interban

k

Czech 4.66 4.14 3.88 5.55

Rep Hungary 7.35 7.01 7.01 7.69

Poland 5.86 5.78 5.59 5.86

Note: are for

FRA ask

quotes prices

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