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Forint strengthens as outlook for Hungary, eurozone improves

The forint continued to strengthen on Thursday morning’s interbank market, trading at 303.47 to the euro at 10:15 a.m., compared to a rate of 305.44 at 5:45 p.m. on Wednesday.

Dealers attribute the rebound of the forint, which has strengthened from around a rate of around 308.50 against the euro on Tuesday evening, to an improvement in sentiment among traders with regard to both Hungary and the euro-zone.

The forint also strengthened against the Swiss franc and the US dollar on Thursday morning, trading at 251.13 to the CHF and 235.64 to the USD at 10:15 a.m., compared to rates of 252.44 and 238.16, respectively, at 5:45 p.m. on Wednesday.