Without any particular news the Hungarian
forint firmed in early trade on Wednesday.
The main factor behind the movement was
some major orders from London, but during
the session the forint retreated back to its
opening values and ended at 275.90
EUR//HUF.
Today’s economic calendar includes
statistics on industrial production and on the
budget deficit but they should have little
influence on the Hungarian FX market. The
forint will thus follow the development in the
region. We expect another quiet session.
(CSOB - Investment research)