Forint strengthens on interbank market
The forint strengthened on Monday morning's interbank market, trading at 268.05 to the euro at 10:15 a.m., compared to a rate of 268.46 at 5:25 p.m. on Friday.
Dealers attribute the forint's strengthening to a reduction in risk-aversion among traders stemming from the conclusion in the US Congress of an agreement to raise the country's debt ceiling.
The forint also strengthened against the US dollar and the Swiss franc on Monday morning, trading at 185.89 to the USD and 234.57 to the CHF at 10:15 a.m., compared to rates of 186.39 and 236.75, respectively, at 5:25 p.m. on Friday
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.