FX&Fixed Income

Cryptocurrency not legal tender, Hungary FinMin says

Cryptocurrencies do not qualify as legal tender, electronic cash, financial instrument, or cash equivalent, Hungary's Finance Ministry said in a written... 

Hungary debt manager sells HUF 61.5 bn in bonds

Hungary’s Government Debt Management Agency (ÁKK) allotted 61.5 billion worth of government bonds... 

Hungary's forint gets stuck above 320 versus euro

Hungary's forint gets stuck above 320 versus euro
Turkish lira sell-off continues.

Investors do not crush each other to buy Hungarian bonds

Nevertheless, the ÁKK sells more than planned.

Hungary forint fumbles, adiós 320!

Hungary forint fumbles, adiós 320!
Is there room for further HUF appreciation?

Hungary forint appreciation reaches end of the road

Hungary forint appreciation reaches end of the road
Appreciation stops.

Hungary forint appreciation halted at 322 vs. euro

Morning firming fizzles out rapidly.

Hungary forint strengthens further, eyes 322 vs. euro

Forint gathers momentum.

Speculators beat up Hungary's forint, and they remain ready to rumble

Short HUF positions the highest in years.

Hungary forint at 1w high, approaching key line

Turkish lira hammered again.

INSTANT VIEW - Monetary conditions remain unchanged in Hungary

Central bank hints, though, that tightening is on the cards.

Hungary cenbank holds policy meeting, forint hardly reacts

On hold decision, as expected.
FX Rates
 HUF CHF EUR USD GBP JPY
HUF   0.00350.00310.00350.00280.3919
CHF 283.3950  0.87811.00450.7878111.0260
EUR 322.62921.1388  1.14400.89719126.4430
USD 281.98650.99550.87410  0.7843110.5215
GBP 359.76251.26941.11461.2751  140.9325
JPY 2.55140.00900.00790.00900.0071 

Source: GlobalFX

Commentary

INSTANT VIEW - Monetary conditions remain unchanged in Hungary

INSTANT VIEW - Monetary conditions remain unchanged in Hungary
Central bank hints, though, that tightening is on the cards.

Hungary forint could be hit the hardest by U.S.-China trade war - analysts

Hungary forint could be hit the hardest by U.S.-China trade war - analysts
Because Hungary is a small and open economy.

Negative real interest rate could be problem for Hungary

The acceleration of inflation in Hungary is not the country’s main fundamental problem at the moment... 


Government securities yields
       

Government securities indices
       
Views and Interviews

Hungarians go gaga over government securities

The volume of Hungarian government securities held by local residents has doubled over the past 18 months and the ratio of this volume already exceeds... 

Mobius expects Hungary to apply more market-friendly policy, likes OTP

Mark Mobius, executive chairman of Templeton Emerging Markets which has substantial holdings of Hungarian sovereign debt, said he is positive on the outlook... 

Hungary should not ask banks haircut on municipal debt consolidation - Stepic

Hungary’s government should avoid asking lenders for a haircut on municipal loans as already unprofitable banks hit by an extraordinary bank tax...