Politics fail to dampen hopes for forint

The unit has been trading within a fairly tight range between 250 and 260 since the beginning of the year, and the departure of the Hungarian leader led to expectations that the currency would see volatility leading to potential big gains for traders.

However, the forint moved by little more than 3% on the news. On August 18, the day the news of the resignation broke, the unit was 200.18 to the dollar and it reached a peak of 206.73 on August 31. "While it is surprising that the forint did no