CEE MARKETS 1-FX slip as dollar rises on U.S. election

                                
 BUCHAREST, Nov 5 (Reuters) - Central European currencies
lost some ground in early trade against the euro on Wednesday,
as the dollar got a boost after Barack Obama won the U.S.
presidential election and economic concerns hit stocks.
                                
 The Polish zloty <EURPLN=> was down 0.3 percent in early
trade at 3.518 per euro, while the Hungarian forint <EURHUF=>
lost 0.4 percent to 257.59 per euro by 0840 GMT.
                                
 The Czech crown <EURCZK=> was down 0.5 percent to 24.156 per
euro and the Romanian leu <EURRON=> traded almost 1 percent
weaker at 3.702 per euro.
                                
 "The pair stronger dollar - weaker EMEA works out," one
Bucharest-based dealer said. "However, Obama's victory brings in
a feeling of more stability everywhere."
                                
 The dollar rose against a basket of major currencies after
posting its biggest one-day slide in 13 years the previous day
as the outlook for a change in the U.S. ruling helped investors
become more hopeful on world's biggest economy [ID:nN04356344].
                                
 The euro is the region's main reference, and deals often
track euro/dollar moves.
                                
 European shares opened weaker as investors again turned the
focus on the economy in Europe, despite gains in Asia overnight
after the end of the long U.S. presidential campaign brought
some certainty to markets.
                                
 "The big picture has not changed. The world is heading for
recession, and we'll see next year how deep it will be," a
Prague currency dealer said.
                                
 Central European markets were on a roller-coaster last month
as the year-long financial crisis spilled over into the region,
pushing Hungary to seek aid from the International Monetary Fund
and European Union to ease concerns over its external financing.
The most volatile currency was the forint, which at one
point in October lost 15 percent of its value as investors
feared Hungary's external vulnerability, although a $25 billion
IMF/EU package brought some calm to the region.
                                
 
----------------------MARKET SNAPSHOT-------------------------
Currency                    Latest   Previous Local    Local
                                
                                  close    currency currency
                                
                                           change   change
                                
                                           today    in 2008 
Czech crown      <EURCZK=>   24.156   24.042  -0.47%   +8.83%
Polish zloty     <EURPLN=>    3.518    3.508  -0.29%   +2.29%
Hungarian forint <EURHUF=>  257.590  256.600  -0.39%   -1.87%
Croatian kuna    <EURHRK=>    7.150    7.149  -0.01%   +2.41%
Romanian leu     <EURRON=>    3.702    3.667  -0.95%   -3.4%
Serbian dinar    <EURRSD=>   86.190   84.393  -2.13%   -9.43%
All data taken from Reuters at 0940 CET.
Currency percent change calculated from the daily domestic 
close at 1600 GMT.
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 (Reporting by Reuters bureaus, writing by Marius Zaharia,
editing by Victoria Main)