Tag: exchange_rate

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Hungary to cut public administration 15 to 20%

August 14, 2018, 12:43 pm
The government of Hungary is planning to reduce headcount in the public administration from the current 14,000, with an estimated 15 to 20% of jobs on the line, Gergely Gulyás, head of the Prime Minister's... 

Hungary's forint gets stuck above 320 versus euro

August 6, 2018, 4:05 pm
Hungary’s forint reached its strongest level of the last 1.5 months when it crossed south of 320 last Friday and its started Monday’s session there, but it was dragged down by gloomier emerging... 

Hungary forint fumbles, adiós 320!

August 1, 2018, 9:40 am
After meaningful appreciation on Tuesday, the forint has eased on Wednesday versus the euro, and so it drifted further from a psychological level at 320. Forint strengthening peters out? - 09:40 The forint... 

Hungary forint appreciation reaches end of the road

July 31, 2018, 3:09 pm
Hungary’s forint moved to stronger levels versus the euro on Tuesday morning and crossed south of 321, which marks a 1.5-month high. Meanwhile, the euro has also gained some against the US dollar... 

Hungary forint appreciation halted at 322 vs. euro

July 30, 2018, 2:39 pm
Hungary’s forint kicked off this week by firming against the euro and the cross is already around 322. Meanwhile, the euro starts the week close to 1.165 versus the US dollar. The key event this... 

Hungary forint strengthens further, eyes 322 vs. euro

July 27, 2018, 3:45 pm
Hungary’s forint appreciated significantly versus the euro on Thursday and the focus could slowly be back on 322 where the forint turned around twice recently. In the meantime, pressure on emerging... 

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

July 26, 2018, 1:02 pm
While July has brought some serenity into the life of Hungary’s forint, there are still major short HUF positions on the market: about 800 billion forint worth of short HUF positions were taken up... 

Hungary forint at 1w high, approaching key line

July 26, 2018, 9:22 am
Hungary’s forint starts the day at around 325 versus the euro on Thursday, slightly firmer than its closing level on Wednesday. Turkey’s lira depreciated against the euro already, while EUR/USD... 

Hungary c.bank provides rationale for rate decision

July 24, 2018, 3:03 pm
The Monetary Council of the Hungarian central bank (MNB) said it would ensure the maintenance of loose monetary conditions by using the current set of monetary policy instruments. This matches the last... 

Hungary cenbank holds policy meeting, forint hardly reacts

July 24, 2018, 2:02 pm
Investors will be watching Hungary’s central bank (MNB) closely today. The million dollar question for the monthly policy meeting is whether or not the rate-setters will react to the persistently... 

Hungary cenbank ahead of important decision, forint impact possible

July 23, 2018, 2:51 pm
Although the National Bank of Hungary (MNB) managed to get through the end-June plummet of the forint without jettisoning its stance and throwing in the towel, the global and country-specific factors that... 

Hungary forint eases to over 326 vs. euro

July 23, 2018, 11:11 am
Hungary’s forint kicks off the week north of 325 versus the euro, after it recovered on Friday from around 327. The US dollar has failed to make a turnaround so far after its weakening against the... 

Hungary forint firming fizzles out at 326 vs. euro

July 20, 2018, 12:30 pm
Hungary’s forint eased to 327 versus the euro on late on Thursday and a new all-time low is merely a step away from there. The HUF corrected some on Friday morning, but it remains close to 326. In... 

Hungary FinMin talks forint weakening: More sensitive period ahead

July 20, 2018, 11:37 am
The calm period that kept Hungary’s forint between 305 and 315 versus the euro has come to an end, said Finance Minister Mihály Varga. A more sensitive period is ahead when the forint will be adapting... 

Hungary forint slowly depreciates to two-week low versus EUR

July 19, 2018, 3:32 pm
The dollar-boosting impact of expectations that the Federal Reserve will hike rates is weighing down on emerging market currencies, including those in Central and Eastern Europe. Hungary’s forint... 

Hungary forint crosses north of 324 vs. euro

July 18, 2018, 3:34 pm
The USD clearly firmed versus the euro on remarks by Federal Reserve chair Jerome Powell on the first day of a two-day hearing by the senate which did not have a favourable impact on emerging market currencies... 

Hungary forint frozen at 323 vs. euro for now

July 17, 2018, 11:45 am
Hungary’s forint made a short visit to sub-322 levels versus the euro on Monday, and it started to weaken in the second half of the day only to start Tuesday’s session above 323 again. In the... 

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

July 17, 2018, 11:16 am
The Swiss franc and Scandinavian currencies are among the most vulnerable to the escalating trade war between the United States and China, according to analysts at Danske Bank. The franc, Danish krone... 

Hungary forint appreciates versus euro in the early afternoon

July 13, 2018, 2:08 pm
Hungary’s forint has hardly moved against the forint in the first half of the day, while it appreciated some in the early afternoon. HUF at 324 vs. euro - 14:08 By early afternoon on Friday, the... 

World Cup saves Hungary's inflation from weak forint?

July 11, 2018, 10:21 am
Hungary’s forint has done some serious fluctuation on Tuesday and it is leaning towards weakening versus the euro on Wednesday morning. There is a chance it will be testing 325 again, especially... 
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