Forint Highly Exposed To Rising Risk Aversion

"Global equity gyrations continue to dictate the direction of emerging market currencies, and with risk aversion remaining high and European equities closing lower on Monday, many currencies remained under pressure throughout the trading session yesterday, Calyon said on Tuesday. Mitul Kotecha, head of global FX research at Calyon, said Hungary's forint appeared to be highly exposed to rising risk aversion.

29.01.2008

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