Hungary’s Forint Strongest In Past Three Months
- 9 May 2014 9:00 AM
The forint was trading at 303.22 to the euro late Thursday on the interbank forex market, up from 304.81 late Wednesday. Also at 304.81 to the euro early Wednesday, the forint moved between 303.14, a more than three-month high, and 304.90 during the day.
Unfazed by deteriorating budget and foreign trade balances, the Hungarian currency continued up on a wave of yield hunt as new hopes for some ECB easing in June knocked sovereign yields down all over the euro area.
The forint traded at 218.65 to the dollar, up from 219.11 late Wednesday. On Thursday, it moved between 217.30, a more than four-month high, and 219.22.
It was quoted at 248.99 to the Swiss franc, up from 245.95 late Wednesday. Its range on Thursday was 248.83, a more than three-month high, to 250.18.
Source www.hungarymatters.hu
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