Tag: eur

While investor sentiment was gloomy on Tuesday, it has gradually let up on Wednesday, which has kept Hungary’s forint from going north of 300 vs the euro, a key level both from a technical analysis... 

The Hungarian forint received another blow on Tuesday afternoon; the currency weakened to 299 units to the euro. This is the weakest forint rate since 25th January. Meanwhile, Hungarian government bonds... 

Global investor sentiment has failed to improve by Thursday morning after deteriorating on Wednesday. Concerns renewed after some time, primarily over Spain’s debt. Leading western European stock... 

While Hungary’s forint could even gain vs. key currencies after being relatively stable on Thursday morning, it started to ease markedly around noon as global investor sentiment failed to improve.... 

European Union finance ministers are planning to freeze EUR 495 million in aid to Hungary on Tuesday for failing to control its budget deficit, Reuters cited diplomats as saying. This would be the first... 

The panicky shifts on global markets on Tuesday gave way to a relative calm on Wednesday, but Hungary’s forint was unable to benefit from that. In fact it has eased to a new five-week low versus... 

Hungary’s forint kicked off the Tuesday session at a three-week low versus the euro, as it was unable to recover from a cc. 1% easing on Monday. Global investor sentiment is not HUF-supportive for... 

Hungary’s government hopes to enter negotiations with the International Monetary Fund (IMF) and the European Union by early March “at the latest" to secure a financial assistance programme... 

Hungary’s forint has not been as strong as on Thursday morning for three months. Shortly after 8 A.M. the HUF was quoted south of 296 versus the euro on the interbank market. After 09:00 it gained... 

The European Commission announced on Tuesday afternoon that it is launching infringement proceedings against Hungary over three laws. The statement contained a tough message for Hungary, namely that if... 

Hungary’s forint started to weaken markedly around noon on Wednesday, going to 313 versus the euro from 310 in the morning. The FX market was relatively calm in the morning session, but several... 

Hungary’s forint first hit a new all-time low at 324 versus the euro then gained six units on Thursday, and its firming momentum has not faded on Friday morning. The appreciation came about over... 

Speculation about the outcome of Hungary’s talks with the International Monetary Fund and the European Union on financial assistance for the country is affecting the forint exchange rate, the Economy... 

European and Asian stock markets showed unequivocal signs of optimism on Monday and early on Tuesday, and forex markets also reflect improving risk appetite on the second trading day of the year. But Hungary’s... 

Given that several key currency markets are closed today, trading on the forint market is in a lull. The Hungarian currency is quoted at around 315 versus the euro, which indicates hardly no improvement... 

Trading on global money and capital markets started in favourable sentiment and this had a positive impact on Hungary’s forint too: it has appreciated 1% versus the euro in the morning session, approaching... 

Global investor sentiment remains basically positive despite the fact that after a considerable improvement on Monday several unfavourable news reports were published over the past 12 hours. Meanwhile... 

Global investor sentiment has greatly improved over the weekend on the back of favourable news and this helped Hungary’s forint kick off the week by firming almsot 2% against the euro. The panic... 

Moody's placing Hungary’s credit rating into non-investment (junk) grade unsurprisingly led to forint weakening versus the euro. And global sentiment cannot provide relief either. The HUF is getting... 

Hungary will launch an investigation to uncover the identity of people responsible for a “series of attacks" on the forint, local daily Magyar Nemzet reported on Thursday, citing unidentified persons...