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 "Global investor sentiment turned a tad sourer that has shaken forint investors. Hungary's forint started Monday's session at a four-month high versus the euro but it began to ease after that. In early afternoon trade, however, the HUF started to appreciate sharply, breaking off from its regional peers. more » "Hungary's Prime Minister Gordon Bajnai has warned against being overconfident about the forint's strengthening. He said there would probably be further fluctuations as uncertainty on the markets remained high. more » "Hungary's forint currently stands below 276 to the euro on the interbank market. The general good sentiment is supportive of other currencies in CEE, as well. By now the HUF has firmed 8% against the euro from its April bottom and Poland's zloty gained 6% since then. more » "Hungary's central bank (NBH) has on Friday released the abridged minutes of the Monetary Council's 20 April policy meeting, which showed that all nine members present voted to keep the 9.50% base rate unchanged. The report comes as no surprise, given that NBH Governor András Simor told a press conference about the votes right after the meeting. more »|
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