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Forint firms past 290 mark for first time in two weeks

  The forint traded at 289.55 to the euro late Wednesday, firming from 294.40 on Tuesday and passing the 290 mark for the first time in two weeks.

The forint (HUF) strengthened with other currencies in the region as investors regained some of their appetite for risk. The zloty (PLN) made the biggest gains after the Polish central bank decided to keep rates on hold after a long campaign of cuts.

The forint traded at 218.55 to the dollar late Wednesday, firming from 224.07 on Tuesday. On the secondary market for government securities, benchmark yields fell 14-29bp for terms over a year. (MTI-Econews)