Hungarian currency hit all-times low

Hungarian currency, the Forint tumbled to a record low against the Euro on worries that country will not be capable to secure the bailout package from the IMF and the EU because of recently approved government's policies. The Forint fell to 319.35 per euro, reported FactSet. The deterioration of the country's economic conditions made Hungary more vulnerable to recession in the Euro Zone, said Benoit Anne, strategist at Societe Generale.