Eastern European currency pairs largely.......>

FOREX: Eastern European currency pairs largely remain in consolidation mode

today as markets take a breather ahead of a busier data schedule later in the

week. EURPLN holds toward the upper end of its Pln4.2564-4.2691 daily range,

last Pln4.2648. Resistance remains at Pln4.2826 (76.4% Pln4.2971-4.2356), ahead

of the key Pln4.30 area (Pln4.2971 - YTD high - May9). EURHUF last at Huf315.40

and seen approaching resistance from the YTD high at Huf315.71, a break here

opens Huf316.34 (Jul18 2016 high). Poland CPI is scheduled for release tomorrow

at 0800GMT, ahead of Wednesday's MPC meeting. ING analysts note signs of little

inflation pressure and increased uncertainty among businesses may make the the

MPC rhetoric even more dovish, increasing the likelihood that interest rates

remain unchanged at a record low until the end of 2019.