CEE MARKETS-FX muted in pre-holiday trade, forint touches 400 level

By Anita Komuves BUDAPEST, Dec 23 (Reuters) - Central European currencies were little moved on Friday in thin pre-holiday trade, with the Hungarian forint adding to its gains from the past two weeks and touching the psychologically important level of 400. The forint was 0.14% up on the day and trading at 400.30 per euro, supported by a deal between Hungary and the European Union over funds struck on Dec 12. The currency, central Europe's worst performer so far this year, gained near 4% since the agreement. However, the pandemic recovery funds and cohesion funds earmarked for Hungary are subject to conditions according to the deal. On Thursday the European Commission said that it would hold back all 22 billion euros of EU cohesion funds until the government meets conditions related to judiciary independence, academic freedoms, LGBTQI rights and the asylum system. The forint was also supported by the central bank's pledge on Tuesday to maintain tight monetary conditions for a prolonged period and to continue to meet foreign currency liquidity needs to reach market balance related to the energy account, analysts have said. The Czech crown added 0.12% to trade at 24.189 versus the common currency, regaining some of its losses from the previous session. "The crown came under slight pressure yesterday due to rising global risk aversion and returned above 24.20," CSOB Bank wrote. "Today's trading should be quiet, not only due to the empty macro calendar, but also due to lower pre-Christmas liquidity in the crown market." The Polish zloty was flat, trading at 4.6385 per euro. "The EUR/PLN exchange rate should concentrate around 4.64. The mood of stabilisation will be supported by the pre-Christmas period" Bank Millennium said in a note. CEE SNAPSH AT MARKET OT 0953 S CET CURREN CIES Latest Previo Daily Change us bid close change in 2022 EURCZK Czech 0 0 % % EURHUF Hungary 00 00 % EURPLN Polish % EURRON Romania % EURHRK Croatia EURRSD Serbian 00 50 % % Note: calcul 1800 daily ated CET change from Latest Previo Daily Change us close change in 2022 .PX Prague 1200.0 1190.9 +0.00 0 400 % .BUX Budapes 45147. 45538. -0.86% -10.99 t 16 06 % .WIG20 Warsaw <.WIG2 1776.1 1780.0 -0.22% -21.65 0> 4 7 % .BETI Buchare <.BETI 12202. 12162. +0.33 -6.57% st > 60 53 % .SBITO Ljublja <.SBIT 1065.0 1061.5 +0.32 -15.17 P na OP> 1 7 % % .CRBEX Zagreb <.CRBE 1961.8 1961.6 +0.01 -5.65% X> 0 0 % .BELEX Belgrad <.BELE 809.18 811.25 -0.26% -1.41% 15 e X15> .SOFIX Sofia <.SOFI 601.69 601.42 +0.04 -5.35% X> % Yield Yield Spread Daily (bid) change vs change Bund in Czech spread Republi c CZ2YT= ps CZ5YT= 0 ps CZ10YT ps Poland PL2YT= 0 ps PL5YT= 0 ps PL10YT 0 ps FORWAR D 3x6 6x9 9x12 3M interb ank Czech Hungary Poland Note: are FRA for quotes ask prices ******************************* ******************************* (Additional reporting by Robert Muller in Prague and Pawel Florkiewicz in Warsaw; Editing by Shailesh Kuber)