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Forint weakens on concerns over political turmoil in North Africa and the Middle East

Forint weakens on concerns over political turmoil in North Africa and the Middle East The forint weakened on Tuesday morning's interbank market, trading at 272.76 against the euro at 10:00 a.m., compared to a Monday-afternoon rate of 270.88.

Dealers attribute the forint's weakening to a rise in risk-aversion among traders stemming from the political upheaval taking place in North Africa and the Middle East.

The forint traded at 201.45 to the dollar on Tuesday morning, compared to a Monday-afternoon rate of 198.37. The forint traded at 212.85 to the Swiss franc on Tuesday morning, compared to a Monday-afternoon rate of 209.18.