Forint in Longest Losing Streak in 8 Months Before Rate Meeting
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Hungary’s forint weakened for a fifth day, its longest losing streak in eight months, before central bank policy makers meet to consider a sixth consecutive rate cut tomorrow.
The currency depreciated as much as 0.9 percent to 299.99 per euro, its weakest intraday level since June 6. It traded 0.5 percent lower at 298.75 by 4:33 p.m. in Budapest, extending the decline this year to 2.5 percent.