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Forint weakens ahead of Fed decision

Tourism

The forint traded at 317.51 to the euro around 5:30 in the evening on Wednesday, weakening from 316.06 late Tuesday, hours before the announcement of a policy decision by the United States Federal Reserve.

The Fed is widely expected to raise the cost of short-term borrowing for the first time in nearly a decade.

The forint softened to 290.05 from 289.28 against the dollar. It slipped to 294.41 from 292.15 against the Swiss franc.

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