CEE MARKETS-Forint slips after disappointing third-quarter GDP data

       By Krisztina Than
       BUDAPEST, Oct 30 (Reuters) - The forint slid early on
Wednesday after much weaker-than-expected GDP data showed the
Hungarian economy dipped into recession in the third quarter.
    Hungary's economy is still recovering from an inflation
crisis which drove price growth to more than 25% in the first
quarter of 2023, eating into Hungarians' spending power. Close
trade links with Germany are also hitting the economies of
Hungary, Czech Republic and Slovakia, where German carmakers
have big car plants.
    Hungary's forint, which has been the region's
laggard with a 5.7% fall so far this year, weakened 0.14% to hit
a 22-month low of 405.80 per euro in early trade.
    "The forint weakened further. It could not reverse its
losses in yesterday's trading and the exchange rate weakened
past 405..if this level is broken substantially, the next
potential resistance could be around 408.50," brokerage Equilor
said in a note before the data.
    Other currencies in the region were mostly steady with
investors on the sidelines as uncertainty about the U.S.
presidential election and a firmer dollar remained in focus.
    The dollar has been supported by expectations that Donald
Trump could win a second term as U.S. president, as his tax and
tariff policies are seen as inflationary, and more likely to
keep U.S. rates high.
    The zloty was flat at 4.338 per euro. The Czech
crown traded a shade weaker at 25.359 in early trade.

          CEE      SNAPSHOT     AT
          MARKETS              0843
                               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               1643.34  1643.3      +0.00%   +16.22
                                  400                    %
 Budapes             74225.68  74225.      +0.00%   +22.44
 t                                 68                    %
 Warsaw   6
 Buchare             17504.24  17504.      +0.00%   +13.88
 st                                24                    %

                                       Spread      Daily
                                       vs Bund     change
                                                   in
 Czech                                             spread
 Republi
 c
          Poland
          0
          0

          FORWARD RATE
          AGREEMENTS
                   3x6         6x9     9x12        3M
                                                   interba
                                                   nk
 Czech    Hungary  Poland   Note:    are for
 FRA      ask
 quotes   prices
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 (Editing by Christina Fincher)