Forint strengthens on interbank market

Analysis

Dealers say that many traders have shifted into a wait-and-see mode ahead of Federal Reserve Chairman Ben Bernanke's Friday speech, which may reveal whether or not the Obama administration is planning to take new measures to stimulate the US economy. Dealers predict that the forint will therefore fluctuate in a narrow range between 271 and 273 against the euro until Bernanke's address.

The forint also strengthened against the Swiss franc and the American dollar on Thursday, trading at 236.69 to the CHF and 187.63 to the dollar at 10:30 a.m., compared to rates of 237.84 and 189.08, respectively, at 5:45 p.m. on Wednesday.

ADVERTISEMENT

Consumer expectations fall more than business confidence in ... Analysis

Consumer expectations fall more than business confidence in ...

Lawmakers postpone expanded data provision for tourism secto... Parliament

Lawmakers postpone expanded data provision for tourism secto...

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group Appointments

Dóra Petrányi to co-head CMS Tech, Media, and Comms Group

Budapest City Council to take out HUF 32 bln development loa... City

Budapest City Council to take out HUF 32 bln development loa...

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.