ADVERTISEMENT

Forint weakens on interbank forex market

Deals

The forint traded at 252.52 to the Swiss franc late Monday, weakening from 251.59 on Friday, but recovering after passing the 255 mark to reach a new historical low early in the morning.

The forint softened to 273.93 from 273.11 against the euro and to 193.22 from 192.60 against the dollar as investor demand for emerging market currencies waned because of a downgrade of the United States' sovereign rating by Standard and Poor's late Friday.

On the secondary market for government securities, benchmark yields were down 4-5bp for terms over a year.

ADVERTISEMENT

Consumer, business confidence reach 2-year high - GKI Analysis

Consumer, business confidence reach 2-year high - GKI

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

Budapest airport shuttle bus service expanded City

Budapest airport shuttle bus service expanded

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.