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View Full Version : Forint Slumps to 2 1/2 Year Low on Hungary Credit Downgrade Risk - Bloomberg



NewsWhore
10-26-2011, 12:30 PM
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Forint Slumps to 2 1/2 Year Low on Hungary Credit Downgrade Risk (http://news.google.com/news/url?sa=t&fd=R&usg=AFQjCNFG2UoTrSKTbul1pz9h_8FPA5jJJg&url=http://www.bloomberg.com/news/2011-10-26/forint-slumps-to-2-1-2-year-low-on-hungary-credit-downgrade-risk.html)
Bloomberg
Hungary&#39;s currency depreciated 1.5 percent to 302.3 per euro by the close in Budapest, the weakest since April 2009. The country&#39;s bonds maturing in 2014 fell, lifting the yield 18 basis points, or 0.18 percentage point, to 7.03 percent. ...

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