Tag: exchange_rate

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Hungary forint approaches new 2.5-yr low vs. USD even more

August 23, 2019, 2:17 pm
Hungary’s forint hit a new 12-month low versus the euro and a 2.5-year low against the US dollar on Friday, i.e. its slide continues. The big question is whether Jerome Powell’s speech in the... 

Hungary forint nears annual low

July 31, 2019, 9:22 am
Following the 11-month low of 328 forints to the euro on Monday, the rate has stabilised near 327.5, but this apparent calm is expected to end at 8 p.m. tonight after the Fed announces its interest rate... 

Is the forint too strong? Go on holiday in Hungary, FinMin recommends

June 6, 2019, 8:57 am
Hungary’s Finance Minister Mihály Varga has made a clever/odd/cynical (make your pick) remark about the relationship between the EUR/HUF exchange rate and going abroad for your vacation. The point... 

Hungary forint keeps falling due to large-scale bets against it

May 30, 2019, 9:56 am
Foreign investors have taken up substantial positions against the forint on recent weeks, nearly to the magnitude seen in March after the Hungarian central bank's symbolic interest rate hike. This easily... 

Three things may force Hungarian cenbank to turn around

May 16, 2019, 11:12 am
It would take inflation north of 4.0%, the forint to depreciate over 330 versus the euro and a steepening yield curve as more inflation premium gets built in for the National Bank of Hungary (NBH) to surrender... 

Hungary's forint eases amidst dour global investor sentiment

May 6, 2019, 10:19 am
Hungary’s forint kicked off the week by weakening slightly versus the euro and it remains north of 323. Moody’s could have given the HUF some breathing space at the end of last week, but the... 

Key macro data to be released in Hungary this week

May 6, 2019, 8:19 am
A host of macroeconomic data for March will be released in Hungary before the first-quarter GDP figure, which will draw us a pretty accurate picture of the economy fared in January-March. In the meantime... 

Rate hike by Hungary's central bank weakens forint

March 26, 2019, 3:27 pm
Hungary's forint has started to weaken abruptly as the central bank's (MNB) Governor stated at a press conference that today's decision was just a stand-alone case, and it does not signal the start of... 

ANALYST VIEW - Should we expect fakes and faints in next MNB bout?

March 12, 2019, 2:08 pm
Over the last few years, the National Bank of Hungary (MNB) has surprised investors several times by sticking to its loose monetary policy stance, and that it was ready to loosen further even when no one... 

Are you surprised by the forint rally? It may be just the beginning!

January 25, 2019, 4:52 pm
Hungary’s forint may be appreciating some more in the coming weeks, as the central bank (NBH) now appears to be accepting the inevitable, namely that it will need to start monetary tightening sooner... 

Hungary forint seen depreciating markedly in 2019 - analysts

December 5, 2018, 9:08 am
Hungary’s forint was found to be the second riskiest Emerging Market currency in November, up from the sixth spot in October in Nordea Bank’s ranking of 33 EM currencies, i.e. the Danish bank... 

Cenbank or Moody's could nudge Hungary's forint out of lull

November 19, 2018, 8:37 am
We should not expect much excitement on the forint’s market at the start of the week, as the central bank’s policy meeting on Tuesday is unlikely to deliver any surprise. Moody’s last... 

Hungary forint turns back from 1.5-month high versus euro

October 3, 2018, 9:41 am
As tensions about Italy’s budget have eased, Hungary’s forint strengthened against the euro on Wednesday morning, and breached two key technical barriers, although it did give back some of... 

Hungary forint teetering towards 325 vs. euro again

September 24, 2018, 8:50 am
Hungary’s forint started Monday flat versus the euro, close to 325. HUF strengthening in the first half of last week proved to be short-lived. In the meantime, the USD is trying to correct is recent... 

Hungary forint approaching a brick wall

September 14, 2018, 10:35 am
Hungary’s forint was flat against the euro on Friday morning, starting the day at around 324. In the meantime, the euro has settled down a bit after yesterday’s sharp firming that was triggered... 

Hungary forint spooked yesterday - Which way to go from here?

September 13, 2018, 8:35 am
Hungary’s forint weakened in wake of the European Parliament’s decision on Wednesday to adopt a report accusing Hungary of several breaches of the EU’s core values. By the evening, though... 

Hungary forint starts day at 325 versus euro

September 12, 2018, 8:46 am
Hungary’s forint started trading on Wednesday around 325 versus the euro, while the US dollar crossed south of 1.16 against the single European currency. Emerging markets are relatively calm, even... 

Hungary forint remains unfazed by inflation data

September 11, 2018, 9:11 am
Hungary’s forint started the day by moderate appreciation and it is currently quoted at 324.5 against the euro. Further direction for the HUF may be affected by the upcoming inflation data. Meanwhile... 

Hungary forint does not cross "pain threshold" of central bank

September 3, 2018, 3:15 pm
The National Bank of Hungary is not under pressure to tighten policy, though some clearer guidelines about its exit plan at the 18 September rate-setting meeting would help the central bank to strengthen... 

Hungary forint suddenly gains strength, gets close to 326 vs. EUR

August 31, 2018, 10:13 am
Turkey’s lira has firmed markedly on Friday morning, which also helped Hungary’s forint a bit and the last technical barrier before 330 stopped the HUF versus the euro. HUF takes a sharp... 
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