"A selling spree on emerging markets and the sour taste PM Gyurcsány's austerity package left in market players' mouth pushed Hungary's forint to above 271 versus the euro, levels untouched for more than 2.5 years. The technical and psychological barrier at 270 was crumpled as a piece of paper. According to Reuters data, the historical low of the HUF is around 275.20 against the euro, and the forint is currently about 1.5% (HUF 4) from this level, as it was as weak as 272.50 in morning trade on Tuesday."
13.06.2006