Forint regains some ground vs Swiss franc

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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.

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