Hungary's forint ended slightly firmer to the euro on Friday, factoring in an expected 25 or 50 basis point interest rate cut by the National Bank of Hungary (NBH) on Monday.
Dealers said South Africa's rand also rebounded from falls which probably affected the forint. Some investors restructured positions amid falls by the dollar during afternoon trade in global market, dealers added.
"It's possible that the same dealers traded both the forint and the rand and probably both was traded against the (weakening) dollar," one dealer said.
The forint finished at 247.70/248.20 to the euro, firmer from morning lows near 250. Dealers said commercial orders and the rand's fall after a surprise interest rate cut in South Africa may have both contributed to the early forint falls.
The NBH is also expected to cut its 11.5 percent base rate - the highest level in the European Union - on Monday, though its upcoming reductions may be smaller than earlier expected, analysts said in a Reuters survey earlier on Friday.
Government bonds tracked the forint, with yields rising by about 15 basis points after the currency reached the bottom but recovering to near Thursday's levels by the close.
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