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Hungary Forint Kicks Off Week At 4-m High vs. EUR |
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 "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.Asian markets are showing a mixed performance which makes it hard to predict how CEE markets will react today. The HUF has regained most of what it has shed this year, but the 262 level of early January is still far away. At the same time, the Hungarian economy does not necessarily need a forint that strong." Source: Portfolio Online Financial Journal
11.05.2009
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