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 "Hungary’s forint is slowly regaining massive losses suffered since late Monday, as it has firmed back to around 276 versus the euro by Wednesday morning. Global players appear to be switched to a wait-and-see mode, with stock markets only ambling around. more » "Hungary’s national economy has escaped the perils of an exchange rate crisis, its banking system has remained stable, and the country has been able to steer clear of sovereign default. On the other hand, deep recession, dried-up external funding, and the impact from the correction of high government debt pose a difficult challenge. more » "Although Hungary’s forint has firmed markedly against the euro in Thursday’s afternoon session, it seems to be moving on shakier feet on Friday. more » "The recently stated depreciation of Central and Eastern European currencies has gathered momentum on Wednesday and Hungary’s forint hit a one-month low against the euro at 274.50. Then in early afternoon trading it has worked off some of its losses. more »|
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