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Forint weakens on interbank market (09-08-14-PM)

EU

The forint weakened on Monday’s interbank market, trading at 314.49 to the euro at 5:20 p.m., compared to a rate of 313.83 at 5:20 p.m. on Friday, Hungarian news agency announced.

The forint began to weaken against the euro following the emergence of news on Monday that the European Union could be preparing to impose more sanctions on Russia.

The forint also weakened against the Swiss franc and the US dollar on Monday, trading at 260.75 to the CHF and 242.91 to the USD at 5:20 p.m. compared to rates of 260.62 and 242.72, respectively, at 5:20 p.m. on Friday.

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