The Hungarian forint firmed to a three-month high against the euro on Friday, boosted by high short-term interest rates, while other central and eastern European currencies and stocks were mixed. “The forint is firming because the high CPI data fuels rate hike expectations,” a Budapest-based trader said. “Also, short-term rates in Hungary are the highest in the region and that gives the forint an advantage among its peers.”
CEE MARKETS-Hungarian forint hits 3-month high, higher inflation fuels rate expectations
2021-05-14T11:01:07-04:00May 14th, 2021|
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