Monday, April 30, 2007

Hungarian Forint Falls as Investors Shun Emerging Market Assets on Turkey

(Bloomberg) -- The Hungarian forint fell the most in two weeks against the euro, in line with other central European currencies, as political instability in Turkey prompted investors to sell riskier assets.

Turkey's lira headed for its biggest drop in 11 months and bonds and stocks also slumped after the military threatened to block the government's presidential candidate because of his Islamist past. The zloty today fell versus the euro with the Polish zloty, the Romanian leu and the Slovak koruna.


Read more at Bloomberg Currencies News

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