Forint weakens as risk aversion grows
The forint traded at 275.38 to the euro late Friday, weakening from 273.65 as investors on global markets grew more risk averse.
The forint traded at 246.74 to the Swiss franc late Friday, softening from 240.26 on Thursday.
The forint slipped to 193.58 from 191.47 against the dollar.
On the secondary market for government securities, benchmark yields were practically unchanged.
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.