Investors should buy the forint and sell the koruna as Hungary’s currency is likely to strengthen against the Czech Republic’s on central bank support, DZ Bank AG said.
Portugal’s government bonds rose as investors bet Crimea’s vote to leave Ukraine and join Russia won’t lead to serious conflict, boosting demand for the euro area’s higher-yielding assets.
Portugal’s bonds rose, pushing five- year yields toward a record low, after Prime Minister Pedro Passos Coelho said the nation’s finances were strong enough to exit its bailout program without a precautionary credit line.
"It's pretty straightforward: more and more investors are expecting something big to be announced at the beginning of September."
- Felix Herrmann on Aug 27, 2014