Budapest sun archive
To discuss sponsorship opportunities click here
When
What
Where
Time
Find a film
|
Hungary's forint reacted by a minimal depreciation versus the euro to a downgrade by ratings agency Standard & Poor's on Monday.
While EUR/HUF eased to over 269 for a few moments, it was only a 1 forint easing compared to pre-announcement levels. Prior to the news the forint was quoted at around 268 vs. the single European currency.The Forint has been steady at around 268.20/80 ever since, which is attributable to the fact that, following two recent downgrades by Fitch and Moody's, a similar action by S&P was widely expected, especially since Hungary has been on Credit Watch with negative implications at the latter rating agency since October 16.
The BpSun Staff
27.11.2008
|
|