Forint falls to year-low against euro
The forint traded at 291.45 to the euro late Monday, weakening from 288.77 on Friday to reach a new low for the year on escalating concerns about stability in the eurozone.
The forint traded at 241.66 to the Swiss franc late Monday, softening from 236.56 on Friday.
The forint slipped to 214.18 from 206.43 against the dollar.
On the secondary market for government securities, benchmark yields were up 17-21bp for terms over a year.
SUPPORT THE BUDAPEST BUSINESS JOURNAL
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.