CEE MARKETS 2-FX down, mkt still focused on Greece

                                
 * FX slightly down, trade quiet due to US holiday
                                
 * Mkt awaits any EU decisions on Greek help
                                
 
                                
 (Adds fixed income in table, details)
                                
 By Dagmara Leszkowicz
                                
 WARSAW, Feb 15 (Reuters) - Emerging European currencies fell
slightly on Monday as the market continued to focus on debt
problems in the euro zone and awaited the outcome of a European
finance ministers' meeting for more clues on support for Greece.
                                
 Euro zone finance ministers, who on Monday began a two-day
meeting to discuss the crisis of confidence in debt-laden
Greece, were expected to insist on more painful medicine.
[ID:nLDE61D0DC]
                                
 Dealers said currencies in the region may be volatile today
as the U.S. market is closed for a national holiday.
                                
 "Investors' eyes are still on Greece, but possible help - no
matter what kind of help it will be - is supportive for CEE,"
said one Warsaw-based dealer. 
                                
 "Lower liquidity may boost their volatility due to the U.S
holiday."
                                
 By 1100 GMT the Hungarian forint <EURHUF=> was down 0.4
percent against the euro. The Polish zloty <EURPLN=> and the
Czech crown <EURCZK=> were virtually unchanged against the euro
while Romania's leu <EURRON=> gained 0.3 percent.
                                
 Regional stocks were all in positive territory, with
Prague's PX <.PX> leading gains, up more than 1 percent.
                                
 Currency analysts favour the zloty, which should benefit
from Poland's relatively stronger growth outlook. However, they
also like the leu, which they see catching up with its peers
after lagging in a rally in the second half of last year.
                                
 Poland's statistics office releases inflation data at 1300
GMT. The central bank's MPC member Andrzej Rzonca said on Monday
that the January inflation reading should have little effect on
an interest rate decision and that consumer price inflation in
Poland would fall below 2 percent in the summer months.
                                
 Poland's Finance Minister meanwhile said an unexpectedly
harsh winter could harm the country's growth in the first three
months of the year. [ID:nLDE61E09K]
                                
 Poland was the only European Member state to avoid recession
last year and analysts expect its economy to expand by 2.9
percent in the first half of this year and by 2.7 percent for
all of 2010.
                                
 Elsewhere, Czech retail sales fell by 1.9 percent
year-on-year in December, while in Hungary December industrial
output rose 1 percent year-on-year, unchanged from a preliminary
estimate.
                                
 The Czech data was better than expected but it still marked
a decline for a fifteenth straight month and analysts attributed
the better-than-expected reading to 'a pre-Christmas effect'.
--------------------------MARKET SNAPSHOT--------------------
Currency                    Latest   Previous Local    Local
                                
                                  close    currency currency
                                
                                           change   change
                                
                                           today    in 2009 
Czech crown      <EURCZK=>  25.946   25.956   +0.04%   +1.43%
Polish zloty     <EURPLN=>   4.017    4.015   -0.05%   +2.17%
Hungarian forint <EURHUF=> 271.63   270.61    -0.38%   -0.47%
Croatian kuna    <EURHRK=>   7.314    7.309   -0.07%   -0.07%
Romanian leu     <EURRON=>   4.113    4.124   +0.27%   +3.02%
Serbian dinar    <EURRSD=>  98.23    98.38    +0.15%   -2.39%
Yield Spreads
Czech treasury bonds <0#CZBMK=>
3-yr T-bond   CZ3YT=RR   +9 basis points to  107bps over bmk*
7-yr T-bond   CZ7YT=RR    -11 basis points to  +133bps over bmk*
10-yr T-bond   CZ10YT=RR    -3 basis points to  +124bps over
bmk*
Polish treasury bonds <0#PLBMK=>
2-yr T-bond   PL2YT=RR    -1 basis points to  +387bps over bmk*
5-yr T-bond   PL5YT=RR    0 basis points to  +327bps 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    -2 basis points to  +554bps over bmk*
5-yr T-bond   HU5YT=RR    0 basis points to  +509bps over bmk*
10-yr T-bond   HU10YT=RR  -2 basis points to  +453bps over bmk*
*Benchmark is German bond equivalent.
All data taken from Reuters at 1100 CET.
Currency percent change calculated from the daily domestic 
close at 1700 GMT.
                                
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 (Reporting by Reuters bureaus, writing by Dagmara
Leszkowicz, editing by Stephen Nisbet and Susan Fenton)