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Japan earthquake may affect Hungarian currency

The negative market implications of an 8.9-magnitude earthquake that hit Japan on Friday can also reach Hungary’s forint that has been oddly stable for the last two days. The forint has remained steady against the euro so far around 273.50/274.00. Poland’s zloty fell more than 1% to the euro since Thursday morning. US and European futures stock indices show a marked fall following their erosion late on Thursday. The worsening sentiment is supportive for the US dollar and the Swiss franc.