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Print 2019-11-29
Forint slips to record low against euro
The Hungarian forint slipped to a record low against the euro and the Polish zloty also eased on Thursday, amid renewed tensions between the US and China over protests in Hong Kong. The forint touched 337.21 versus the euro. The Hungarian central bank's e
The Hungarian forint slipped to a record low against the euro and the Polish zloty also eased on Thursday, amid renewed tensions between the US and China over protests in Hong Kong. The forint touched 337.21 versus the euro. The Hungarian central bank's easy monetary policy, the loosest in central Europe, makes the currency vulnerable when risk aversion grows.
By 0947 GMT, the forint had gained to 336.70. It remains down by 4.6% so far this year, the most in the region, and analysts said decline could continue. The Czech crown weakened by 0.1% and the Polish zloty by 0.2%. The leu dropped to a record low of 4.8075 per euro in after-hours trade late on Wednesday. It recovered early Thursday to trade at 4.7905 at 0942 GMT.
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