Tag: exchange_rate

If Hungary had had an IMF/EU safety net at its disposal since January, its interest expenditure would be nearly HUF 100 billion smaller than if it secures a deal on a financial assistance package only... 

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.... 

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 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 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... 

Hungary’s forint remains ruffled up in early Thursday trading. The HUF slumped to a new all-time low versus the euro, going north of 322. Pressure lets up on the bourse - 10:42 As the forint... 

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... 

Hungary’s forint has been ailing for days and on Wednesday morning it has depreciated to a new all-time low versus the euro. Meanwhile, Hungarian bond yields are on the rise. The HUF weakened to... 

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... 

Hungary’s forint has started to appreciate markedly on Tuesday before 11:00 CET and it continued to gain after the central bank (NBH) announced at 14:00 CET that its Monetary Council raised the benchmark... 

Hungary’s forint has depreciated on news that the IMF and the European Commission left Budapest early. HUF falls further - 12:58 Over news that talks with the IMF/EU were interrupted, the forint... 

The appreciation of the US dollar vs. the euro on Tuesday was a clear sign of markets' growing risk aversion. The same trend affected the Hungarian forint as well; the national currency has become weakened... 

(Adds details on debt, growth, 2012 measures). The overhaul planned to take place next year is the largest since 1990, Prime Minister Viktor Orbán said in a conference at the Kálmán Széll Foundation Tuesday... 

Hungary’s forint opened Tuesday’s session steady at around 306 versus the euro, as tensions reflected by shifts on global money and capital markets yesterday afternoon appear to be abating....