Forint weakens on interbank market
The forint weakened on Wednesday morning's interbank market, trading at 237.89 to the Swiss franc at 10:00 a.m., compared to a rate of 235.13 at 4:30 p.m. on Tuesday.
Dealers attribute the forint's weakening to a further rise in risk-aversion among traders, noting, however, that the Hungarian currency has weakened more than the zloty, for example.
The forint also weakened to the euro and the US dollar on Wednesday morning, trading at 286.53 to the €and 209.81 to the USD at 10:00 a.m., compared to rates of 283.02 and 206.65, respectively, at around 4:30 p.m. on Tuesday.
Dealers note that the forint displayed unexpectedly weak resistance against the euro at the 285-mark.
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.