By Alan Charlish and Anita Komuves WARSAW, July 6 (Reuters) – The Hungarian forint hit a new record high on Wednesday and the Polish zloty also weakened as worries over European Union funding added to global fears of recession. Investors shed risky assets on fears of a sharp economic slowdown as energy prices rise, central banks raise interest rates and the business climate deteriorates. Meanwhile, markets have grown more uncertain about whether Poland will actually receive COVID recovery funds from the European Union after criticizing reforms meant to unlock the money in Brussels. The forint was 0.52% weaker against the euro at 409.65 at 0935 GMT, having hit a record low of 410.4 earlier in the session. Gergely Suppan, senior analyst at Takarekbank, wrote in a note that the deteriorating European outlook and worries about the local economy were weighing on the currency. “Spiking gas prices are worsening the outlook for fiscal and current account deficits as well, and the weakening forint is deteriorating the balance of the local economy.” The zloty weakened 0.55% to 4.7965 ahead of a rate-setting meeting on Thursday. A Warsaw-based currency trader said one of the factors putting pressure on the currency was that investors were uncertain about the scale of the central bank’s rate hike on Thursday. Analysts polled by Reuters expect the main rate to rise from 6.00% to 6.75%. Bank Millennium said in a note that concerns over whether Warsaw would finally receive COVID funds from the EU had brought the zloty back to a close correlation with the forint, after the Polish currency was boosted by the approval of the plan. of national revival of the country. Budapest has still not reached an agreement with Brussels on recovery funds. The tightly controlled central bank Romanian leu was little changed at 4.9455 ahead of a rate-setting meeting in which it is expected to raise the cost of credit by 75 basis points to 4.50%. Prague markets were closed for a holiday. ECO SNAPSH AT MARKETS OT 1135 CET CURREN CIES Last Daily Change US Supply at Close 2022 EURCZK Czech 0 0% EURHUF Hungary 00 00 EURPLN Polish EURRON Romania % EURHRK Croatia % EURRSD Serbian 00 00 % % Note: Calculated from from 1800 daily change CET Last previous daily change we close change in 2022 .PX Prague 1212.5 1212.5 +0.00 9 900% .BUX Budapes 39528. 39256. +0.69 -22.07 t 67 26% % .WIG20 Warsaw <.wig20 .68> 9% % .BETI Bucara 12286. 12209. +0.63 -5.93% st 87 92% .SBITO Ljublja <.sbito p na> 5 7%% .CRBEX Zagreb <.crbex> 7 5 .BELEX Belgrade <.belex e> %.SOFIX Sofia <.sofix> % Yield Yield Spread Daily (bid) change vs change Bund in Spread Czech Republic CZ2YT= ps CZ5YT= ps CZ10YT ps s Poland PL2YT= 0 ps PL5YT= 0 ps PL10YT 0 ps FORWARD 3×6 6×9 9×12 3M interb ank Czech Hungary Poland Note: are for asking prices FRA ******* * ******************************* **** ************** **** (Reporting by Alan Charlish in Warsaw and Anita Komuves in Budapest; Editing by Kim Coghill)