CEE MARKETS-Central Europe's currencies dip after holiday, watching dollar

PRAGUE, April 22 (Reuters) - The Polish zloty and Hungarian forint fell back into ranges on Tuesday, adjusting after a long holiday weekend, although central Europe's currencies looked to win back recent losses with the U.S. dollar on the back foot.

The dollar fell to multi-year lows against the euro, central Europe's main reference currency, with U.S. President Donald Trump's attacks on the Federal Reserve lifting concerns about the central bank's independence and adding to market uncertainty already clouded by global trade wars.

The weaker dollar, though, has raised interest in emerging market currencies such as those in the region after they hit multi-month lows in recent weeks.

On Tuesday, local markets re-opened after the holiday weekend, and most currencies gave up gains seen on Monday when the dollar started weakening.

The zloty EURPLN= traded at 4.2765 per euro, a tad lower than Monday when local markets were closed.

It hit a 10-year high of 4.127 in February but fell to a low of 4.3095 last week as U.S. tariff policy hit markets and investors started anticipating Polish rate cuts.

"We still consider sideways movements in the range of 4.24–4.30 as the prevailing trend, although with the development of the global situation and investors' reluctance to (take on) dollar assets, currencies from the Central and Eastern European region are enjoying interest," ING said.

"Despite the still extremely dynamic global environment, a move towards the aforementioned lower limit (of 4.24) seems more likely than the level of 4.30."

In Hungary, the forint EURHUF= lost 0.4% to 409.05 to the euro as markets also re-opened after the holiday.

The Czech crown EURCZK= was down 0.1% at 25.05 to the euro, staying close to the 25 psychological level it was trading beyond before market turmoil.

Unlike Poland, the Czech central bank has stuck to a cautious stance on interest rate cuts, highlighting potential inflation pressures from trade wars.

Elsewhere, Romania's leu EURRON= was steady at 4.9775 per euro, while stock markets mostly gained after the long weekend, led by Warsaw blue chips .WIG20, which gained around 1%.