Bloomberg News

Hungarian Forint Extends Gains Against Euro, Paring Weekly Loss

October 21, 2011

Oct. 21 (Bloomberg) -- The forint extended gains against the euro, rebounding from yesterday’s 2 1/2-year low, as euro- area leaders intensified negotiations to boost rescue funds to be used to end the region’s debt crisis.

Hungary’s currency advanced 0.7 percent to 298.3 per euro by 2:04 p.m. in Budapest, paring its decline this week to 1.8 percent.

--Editors: Linda Shen, Ana Monteiro

To contact the reporter on this story: Andras Gergely in Budapest at agergely@bloomberg.net

To contact the editor responsible for this story: Gavin Serkin at gserkin@bloomberg.net


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