Forint weakens on interbank market

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The forint weakened on Tuesday morning's interbank market, trading at 293.40 to the euro at 10:00 a.m., compared to a Monday-afternoon rate of 291.70.

Dealers attribute the forint's weakening to negative sentiment stemming from uncertainty surrounding the Greece's debt crisis and Hungary's expected second-quarter financial-assistance agreement with the International Monetary Fund. Dealers note that other central and eastern European currencies such as the Czech koruna and the zloty have also been weakening on Tuesday morning.

The forint also weakened to the Swiss franc and the US dollar on Tuesday, trading at 243.29 to the Swiss franc and 222.37 to the US dollar at 10:00 a.m., compared to Monday-afternoon rates of 239.77 and 220.60, respectively.

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