Dolar se trápí u letošního dna vůči euru, koši měn

                                
 * Stocks snap win streak to drag on FX
                                
 * Polish 5-yr tender due midday
                                
 * Diverging econ/fiscal paths open new trades
                                
 
  (Adds bonds, details)
                                
 By Jason Hovet
                                
 PRAGUE, Sept 9 (Reuters) - A retreat in equities pulled
central European currencies lower on Wednesday, with the Polish
zloty leading downward moves as government budget gap worries
weighed heavier.
                                
 The zloty <EURPLN=> lost 0.5 percent to 4.108 to the euro by
0927 GMT, and Hungary's forint <EURHUF=> dipped 0.4 percent to
the weak side of 270 per euro and Romania's leu <EURRON=> lost
0.2 percent.
                                
 "We have no real data out. So we are mainly watching equity
markets, which are slightly weaker," said Lutz Karpowitz,
strategist with Commerzbank in Frankfurt.
                                
 Central European stocks mostly snapped this week's winning
streak, edging down slightly <.PX> <.WIG20> <.BUX> as investors
paused from a rally in riskier assets that has benefitted the
region.
                                
 The Czech crown <EURHUF=> lost 0.1 percent, easing only a
touch after August annual inflation data came out lower than
expected, boosting expectations interest rates would stay longer
at a record low of 1.25 percent. [ID:nL9191590]
                                
 Signs of a better global economic outlook have boosted
emerging assets such as those in central Europe, while the safer
U.S. dollar has dropped to a year low as investors shunned it
for gold. Dealers said markets would take further clues from the
dollar's direction. [ID:nT186026]
                                
 Against the dollar, the zloty <PLN=> and crown <CZK=> are
trading at their strongest since December and October,
respectively.
                                
 
                                
 BUDGET TALK
                                
 In Poland, bonds held steady before a 5-year bond tender,
the first since weekend news the government expected the 2010
budget deficit to almost double this year's plan.
                                
 The government approved on Tuesday the 2010 budget bill
which sees a deficit of 52.2 billion zlotys. Bonds had taken the
brunt of the budget impact on Monday, jumping around 7 basis
points along the curve on debt supply worries.
                                
 Dealers said the impact could start being felt more on the
zloty as appetite for riskier assets wanes, and markets are
starting to look at more cross trades in the region.
                                
 "The question of (the Polish) deficit is obviously negative
news which works against the zloty and in favour of the
Hungarian forint," said a Warsaw trader, adding an attraction
was the forint's higher yield -- with Hungarian rates at 8
percent compared to Poland's 3.5 percent.
                                
 On Tuesday, Danske Bank recommended buying the zloty against
the crown due to better economic prospects. [ID:nL8307586]
                                
 Analysts generally see an end to rate cuts in Poland and the
Czech Republic, while, with the highest rates in the European
Union, Hungary and Romania are seen easing more going into next
year.
                                
 "Normally news of cuts would weaken the forint but analysts
say there's value in going long," a Budapest dealer said.
                                
 
--------------------------MARKET SNAPSHOT--------------------
Currency                    Latest   Previous Local    Local
                                
                                  close    currency currency
                                
                                           change   change
                                
                                           today    in 2009 
Czech crown      <EURCZK=>   25.505   25.479  -0.1%    +4.89%
Polish zloty     <EURPLN=>    4.108    4.087  -0.51%   +0.17%
Hungarian forint <EURHUF=>  270.63   269.64   -0.37%   -2.62%
Croatian kuna    <EURHRK=>    7.353    7.333  -0.27%   +0.16%
Romanian leu     <EURRON=>    4.249    4.241  -0.19%   -5.52%
Serbian dinar    <EURRSD=>   93.201   93.13   -0.08%   -3.99%
Yield Spreads
Czech treasury bonds <0#CZBMK=>
3-yr T-bond   CZ3YT=RR   +3 basis points to  196bps over bmk*
7-yr T-bond   CZ7YT=RR   +14 basis points to  +195bps over bmk*
10-yr T-bond   CZ10YT=RR    0 basis points to  +180bps over bmk*
Polish treasury bonds <0#PLBMK=>
2-yr T-bond   PL2YT=RR   +2 basis points to  +408bps over bmk*
5-yr T-bond   PL5YT=RR    0 basis points to  +342bps over bmk*
10-yr T-bond PL10YT=RR    -1 basis points to  +288bps over bmk*
Hungarian treasury bonds <0#HUBMK=>
3-yr T-bond   HU3YT=RR    -14 basis points to  +633bps over bmk*
5-yr T-bond   HU5YT=RR    -14 basis points to  +570bps over bmk*
10-yr T-bond   HU10YT=RR  -5 basis points to  +497bps over bmk*
*Benchmark is German bond equivalent.
All data taken from Reuters at 1128 CET.
Currency percent change calculated from the daily domestic 
close at 1600 GMT.
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 (Reporting by Reuters bureaus, writing by Jason Hovet, editing
by Victoria Main)