CEE MARKETS-FX mostly edge up, looking for break from ranges

PRAGUE, Nov 9 (Reuters) - Central Europe's currencies mostly edged higher on Monday looking to break from recent ranges, with a fall in oil prices adding support that was tempered by a stronger US dollar.

• Currencies have been on a weakening path in recent trading, and markets were expected to watch inflation data due in Hungary this week to take their next cues on a pause to interest rate cuts.

• Analysts said an outlook downgrade for Poland by S&P ratings agency would have little impact on trade

• In the Czech Republic, the crown was down a touch at 24.355 to the euro as lower market rates reflected scaled-back expectations of further rate hikes, following last week's increase by the Czech National Bank

• Czech markets are pricing in two more rate hikes in the next 12 months, less than previously expected, while analysts see stable rates ahead

• Hungary's forint inched up less than 0.1% to 363.20 to the euro, with inflation data due on Tuesday

• The Czech central bank has delivered two interest rate hikes this year to contain inflation pressures amid strong domestic demand and elevated energy prices — and is the only bank in the region to tighten policy so far this year

• Hungary and Romania have been on pause while markets are weighing when Poland may have to raise interest rates

• The zloty added 0.1% to 4.3875 to the euro

• Late on Friday S&P Global revised Poland's outlook to "negative" from "stable", citing rising debt as a factor as it limits fiscal flexibility

• Romania's leu traded lower at 5.341 per euro, with focus on the central bank meeting later in the week at which it is expected to hold policy steady

• On stock markets, Warsaw .WIG20 led gains in the region, with global equity markets rising