Thursday, June 7, 2007

Hungarian Forint Gains Versus Euro as Investors Buy Emerging-Market Assets

(Bloomberg) -- The Hungarian forint rose against the
euro on speculation rising global interest rates will encourage
investors to pickup yields by buying emerging-market assets.

The forint is the second-best performing currency in Europe
today after the Turkish lira. Hungary's benchmark interest rate
of 8 percent is the highest in the European Union.


Read more at Bloomberg Emerging Markets News

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