Forint firms on IMF talks
The forint traded at 310.72 to the euro late Tuesday, firming from 315.39 on Monday on news of talks in Washington between Hungary’s chief negotiator for financial assistance and representatives of the IMF.
The forint traded at 255.86 to the Swiss franc late Tuesday, strengthening from 260.77 on Monday.
The forint advanced to 242.98 from 247.25 against the dollar.
On the secondary market for government securities, benchmark yields were up 4-7bp for terms between three and ten years but fell 5-16bp for the shortest terms.
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.