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Hungary Forint Back On The Weakening Track vs. Euro |
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 "Sentiment on global money and capital markets was less sanguine on Tuesday than the first trading day of the year and the same goes for the early Wednesday session, as well. Stock markets have lost some momentum and the US dollar has regained some strength versus the euro, which propelled Hungary’s forint back to 270 by now from around 267.50 on Tuesday morning against the euro.EUR/HUF kicked off Wednesday trading at 269.50/270.00, while the forint is currently quoted at around 188 to the USD and at 181.50 versus the Swiss franc on the interbank market, weaker than on Tuesday. Two important macro data are in the pipeline for today, the ADP employment report for December and the ISM non-manufacturing composite index, also for December. Both data are considered market movers." Source: Portfolio Online Financial Journal
06.01.2010
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