CEE MARKETS-Zloty eases as investors position ahead of long weekend

WARSAW, Aug 14 (Reuters) - The Polish zloty eased on Thursday as investors positioned before the long weekend in Poland ahead of key U.S. data and Friday's meeting in Alaska between U.S. President Donald Trump and Russian President Vladimir Putin.

Traders increased Fed rate cut bets on Thursday, pinning the dollar near multi-week lows, while a global stock rally paused as investors awaited data on U.S. producer prices later in the day that may show how tariffs are impacting inflation trends.

Most emerging market currencies held to a tight range on Thursday as investors kept bets light ahead of the closely watched Alaska summit.

In Poland, where markets are closed on Friday, the zloty EURPLN= eased 0.2% to 4.2590 at 1028 GMT.

A Warsaw-based trader attributed the softening to positioning head of the U.S. PPI data later today, but also the Alaska summit on Friday.

"This is a major event, and it can't be ignored while we relax tomorrow. That's why this short-term community is closing in a bit here."

"In fact, perhaps we should look at the outcome of these negotiations differently than the Americans, because we're essentially in two different camps on this matter. While this might be good news for them in the long run, it's not necessarily good news for us," the trader said, adding that the summit's outcome could bring challenges to Central Eastern Europe's security.

"If Ukraine were to be a bargaining chip and the United States were to achieve other goals somewhere in the world, they would pay with certain concessions in the Ukrainian field," the trader added.

Elsewhere the Czech crown EURCZK= edged 0.1% lower to 24.4810, easing from the around 19-month highs it jumped to last week, when the central bank said inflation pressures in the domestic economy prevented a further interest rate cut for now.

The Hungarian forint EURHUF= was unchanged at 395.35.

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