Forint Rallies Most in Six Months This Week on Central Bank, PMI
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The forint appreciated for a fourth day, capping the biggest weekly advance in more than six months, as data showed manufacturing returned to expansion and the government eased concern it will influence monetary policy.
The currency strengthened 0.4 percent to 291.58 per euro by 4:37 p.m. in Budapest, extending its advance this week to 2 percent. That was the best performance among more than 100 currencies tracked by Bloomberg and the biggest rally in the forint since the five days through June 22. Yields on the government’s 10-year forint bonds rose one basis point, or 0.01 percentage point, to 6.4 percent.