The Hungarian forint was little changed on
Wednesday when it opened at 276.55
EUR/HUF and ended at 277.0 EUR/HUF. In
the early trade the forint hovered close to the
resistance level at 276 EUR/HUF. In the
afternoon it started to retreat but was saved
from more significant losses by the
intervention of Slovak central bank.
Today, there is no domestic driver for
trading. Growing risk aversion on global
markets puts the risk for some renewed HUF
weakness.
(CSOB - Investment research)