The forint eases on S&P decision to leave rating intact
MNB unlikely to change rates
The Hungarian forint bounced back from 8-week highs on Monday due to unfulfilled expectations that Standard & Poor’s would upgrade Hungary’s rating. After the long-term foreign currency rating had stayed at BB with stable outlook, the forint weakened by 0.4 % yesterday and closed at 312.3 EUR/HUF. Forint’s regional peers – the Czech koruna and the Polish zloty were little changed on Monday.
Read the full report: FX Daily
