Hungarian Forint Weakens, Snaps Biggest 3-Day Rally Since June

The forint retreated versus the euro, snapping its biggest three-day rally in almost six months.

The Hungarian currency depreciated as much as 0.4 percent and traded 0.3 percent weaker at 278.44 per euro as of 10:10 a.m. in Budapest. It gained 2.4 percent in the previous three sessions, the most since the same period ended June 10.

To contact the reporter on this story: Krystof Chamonikolas in Prague at kchamonikola@bloomberg.net

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

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