Forint regains some ground vs Swiss franc
The forint traded at 254.31 to the Swiss franc a little before 9 a.m. on Tuesday, weakening from 252.52 late Monday, but recovering after slipping to 260.86 overnight, a new historical low.
The forint softened after losses on American and Asian markets as the effect of Standard and Poor's downgrade of the United States' sovereign rating spiraled.
The forint traded at 274.55 to the euro early Tuesday, weakening from 273.93 late Monday.
The forint firmed to 192.41 from 193.22 against the dollar.
ADVERTISEMENT
Business Confidence Worsens, Consumer Confidence Improves
Parliament Negates Mandatory Membership in MOK
Haulier Koncsek Trans Invests HUF 150 mln in Garage Upgrade
Budapest Leaders Unveil Plans to Scale Back Traffic on Thoro...
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.
.jpg)
