Hungary's forint close flat

08 Apr, 2007

Hungary's forint closed flat on Friday in an illiquid market and dealers said it could firm slowly next week if investor appetite for risk in global markets suffers no setback, dealers said. The forint traded at 246.00/20 against the euro, unchanged from late Thursday's levels.
"(Next week's trend) will depend on the region, but if there is no major event to counter that, it can continue to firm as the natural trend has been that banks are euro sellers," one dealer said. Government bonds also moved sideways. "Inflation figures can move the market into any direction," one trader said.

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