Hungarian Forint News
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The zloty advanced the most in 10 months as Poland’s central bank sold foreign currencies on the market to curb volatility, which set a six-month high.
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The zloty advanced the most in 10 months as Poland’s central bank sold foreign currencies on the market to curb volatility, which set a six-month high.
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The koruna gained the most among emerging European currencies after Czech retail sales rose for the first time in six months, spurring optimism the economy is recovering from its longest recession on record.
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The dollar gained versus the euro and the yen as reports showed U.S. consumer confidence reached the highest level since 2008 and home values climbed, bolstering bets the Federal Reserve will slow its bond buying.
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For only the third time since 2001, emerging-market currencies are weakening as global stocks rise, revealing doubts about the ability of economies from South Africa to South Korea to reverse a slowdown.
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The Hungarian forint declined to the lowest level in a week against the euro before the central bank announces its interest-rate decision.
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European stocks fell from a 4 1/2- year high and Italian bonds retreated after Fitch Ratings downgraded the nation’s debt. Oil declined as Saudi Arabia boosted output, and metals slipped after China’s industrial production trailed estimates.
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Hungarian central bank President Andras Simor comments on the risks of Hungary implementing unconventional monetary-policy measures under a new leadership at the Magyar Nemzeti Bank.
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The Hungarian forint strengthened, reversing earlier declines against the euro and the Swiss franc.
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The Hungarian forint weakened as investors awaited details of the plan to reduce next year’s budget after pushing the currency to the strongest level in five months.
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