Bloomberg News

Hungarian Forint Pares Declines as Greek Politicians Reach Deal

February 09, 2012

Feb. 9 (Bloomberg) -- The forint pared losses after Greek political leaders struck a deal on a package of austerity measures, clearing the way for the country’s second rescue in two years.

Hungary’s currency was down 0.2 percent to 290.8 per euro by 3:07 p.m. in Budapest, after depreciating as much as 0.9 percent earlier today.

--Editor: Peter Branton

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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