Forint headed for monthly decline amid rate cut

Note: This section contains information in English only.
Source: Bloomberg
© Scanpix/FP
The Hungary's currency headed for a monthly decline for the first time in four months after the nation's central bank revealed that it would continue interest rate cuts and the government intends to phase out forex loans. The Forint fell 0.2% to 299.78 per Euro at 1:07 p.m. Budapest time, declining for the seventh consecutive day and accumulating the loss in July to 1.6%.
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Wed, 31 Jul 2013 15:31:30 GMT

U.S. equities at historical highs after U.S. macroeconomic data

Better-than-expected U.S. macroeconomic sent the S&P gauge and the Dow Jones Industrial Average to the highest levels of all time. The Standard & Poor's 500 gauge climbed 0.54% to 1,695.04 and the Dow Jones index added 0.14% to 15,603.42. The Nasdaq Composite index gained 0.51% to 3,634.87, the highest level since 2000. Investors are waiting for FOMC statement at 6:00

Wed, 31 Jul 2013 15:12:09 GMT

European equities fluctuate as investors struggle for direction

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