budapest nov 29 reuters  central european currencies and stocks recovered on monday as a global riskoff mood triggered by the newly identified coronavirus variant found in south africa has faded away by 1020 gmt the hungarian forint led regional gains trading 04 firmer on the day at 3686 to the euro followed by the polish zloty up 022 at 46990 the romanian leu and the czech crown were trading flat at 49485 and 2566 respectively monday may bring an improvement in sentiment after its significant deterioration on friday when a wave of selloffs of more risky assets swept through the market following information on a new variant of the coronavirus bank millennium said in a note the latest reports are reassuring the symptoms of omicron  the new form of covid19  are mild and can be treated at home an fx trader in budapest said markets are calming down a bit as more info is coming out about the omicron variant thats why regional currencies are able to firm i do not expect a very big correction but maybe the worst was over on friday the key question for the forint this week is whether the central bank will raise the interest rate on its oneweek deposit rate again she said hungarys central bank raised its oneweek deposit rate by 40 basis points to 29 on thursday at its weekly tender delivering its second increase in deposit rate in a week read more more volatility however cannot be ruled out says komercni bankas marek lesko today the sentiment seems to be improving as the core rates and equity futures are higher but after such exaggerated moves more volatility wouldnt come as a surprise stock markets in the cee region rose with prague px leading regional gains with 058 followed by budapest bux with 046 and warsaw wig20 with 042 additional reporting by anita komuves in budapest robert muller in prague and pawel florkiewicz in warsaw editing by shailesh kuber