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Hungarian Forint Up on Chinese Optimism

October 15, 2009 at 0:18 by Jan Baros

Hungarian ForintAfter Chinese exports shrank at a slower pace according to a report posted today, the Hungarian forint found support in optimism regarding the global economic recovery to climb versus the euro, the U.S. dollar, and several other currencies.

Hungary was one of the most affected countries by the global slump, having to recur to the International Monetary Fund to adjust its national accounts, but as the global economic posts positive reports, today indicating a less negative number in Chinese exports, the forint is climbing versus several currencies, specially its Eastern European neighboring options.

EUR/HUF traded at 266.89 as of 22:16 GMT from an opening rate of 269.17.

If you have any questions, comments, or opinions regarding the Hungarian Forint, feel free to post them using the commentary form below.

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