TITLE

HUF/EUR: Contagion Fears Could Spark Depreciation

PUB. DATE
December 2009
SOURCE
Emerging Europe Monitor: Central Europe & Baltic States;Dec2009, Vol. 16 Issue 12, p4
SOURCE TYPE
Country Report
DOC. TYPE
Article
ABSTRACT
The article reports on the revision of the end-2009 forecast for the forint to HUF264.00/EUR in Hungary. It states that the revision is made with the expectation that the return of international risk appetite will continue to prove positive for the unit through the medium term. It mentions that the resulting improvement to the country's balance of payments position emphasizing positive for the currency with a rapidly unwinding current account shortfall.
ACCESSION #
46793756

 

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