CEE MARKETS 1-FX weaker,trade data weighs on forint

                                
 WARSAW, Sept 7 (Reuters) - Central European currencies
opened weaker on Tuesday, with Hungary's forint heading again
towards its all-time lows against the Swiss franc as an easing
euro and falls on global stocks hit appetite for riskier assets.
                                
 The forint <EURHUF=>, the region's worst performer this
year, extended its losses after data showed Hungary posted a July
trade surplus of 240.7 million euros but with growth in imports
outpacing that of exports, indicating the contribution of net
exports to GDP will continue to decrease. [ID:nLDE6860F3]
                                
 The unit fell also against the Swiss franc again, renewing
concerns over the country's exposure to franc-denominated debt.
                                
 On Monday, Hungary's central bank announced changes in rules
of commercial banks' mandatory reserves to help banks better
manage fluctuations in their liquidity and some market players
said it should help support a much weakened currency.
                                
 "Should a sufficient number of banks use this possibility,
the move would also benefit the forint as FX markets would have
one less concern," analysts at Commerzbank wrote in a note. 
                                
 "Last week CHFHUF marked a new all-time low (of particular
relevance for Hungarian mortgages) so a little support for the
forint would be quite welcome."
                                
 By 0750 GMT the forint <EURHUF=> was 0.7 percent weaker
against the euro, while Poland's zloty <EURPLN=> fell 0.4
percent. The Czech crown <EURCZK=> and Romania's leu <EURRON=>
fell 0.3 percent and 0.1 percent, respectively.
                                
 The region's stocks were also in the red, falling some
0.2-1.3 percent.
                                
 In Romania, growing political instability and worries over
the country's debt strategy additionally weighed on the leu
<EURRON=> as some analysts say the finance ministry might have
to ditch its 7 percent yield cap sooner than expected in order
to meet its financing needs. [ID:nLDE68519B]
                                
 The country's government faces a potential series of close
parliamentary votes on its austerity measures this month and
some analysts say that could even put its IMF deal in jeopardy.
-------------------------MARKET SNAPSHOT--------------------
Currency                    Latest   Previous Local    Local
                                
                                  close    currency currency
                                
                                           change   change
                                
                                           today    in 2010 
Czech crown      <EURCZK=>  24.75    24.68    -0.28%   +6.34%
Polish zloty     <EURPLN=>   3.946    3.93    -0.41%      +4%
Hungarian forint <EURHUF=> 286.79   284.8     -0.69%   -5.73%
Croatian kuna    <EURHRK=>   7.279    7.297   +0.25%   +0.41%
Romanian leu     <EURRON=>   4.288    4.282   -0.14%   -1.18%
Serbian dinar    <EURRSD=> 105.557  105.29    -0.25%   -9.17%
 All data taken from Reuters at 0950 CET.
Currency percent change calculated frhom the daily domestic 
close at 1600 GMT.
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 (Reporting by Reuters bureaus, writing by Dagmara
Leszkowicz, editing by Stephen Nisbet)