'New' Europe: Hungarian contagion?

摘要

Turmoil rocks Eastern Europe's burgeoning currency markets, creating more opportunities in trading the growth of the European Union. Currency traders learned a lesson 'bout messin' with the Hungarian Central Bank (HCB) in January, when a two-day, two-basis-point rate slash ― coupled with a series of interventions estimated by some to have cost an unlikely $5 billion ― left those on the long side of the country's currency, the forint, reeling.