Tag: exchange_rate

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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... 

Negative real interest rate could be problem for Hungary

July 11, 2018, 9:27 am
The acceleration of inflation in Hungary is not the country’s main fundamental problem at the moment, but a negative real interest rate could be a problem when emerging market sentiment deteriorates... 

Hungary forint eases on the back of June CPI print

July 10, 2018, 11:01 am
Hungary’s June inflation print (up at 3.1% yr/yr from 2.8% in May) sent the forint to weaker levels versus the euro on Tuesday morning. The cross has breached 325. EM currencies hammered again... 

Hungary forint did not gain on its own, but cenbank may sigh in relief

July 9, 2018, 9:25 am
The marked strengthening of Hungary’s forint came primarily on the back of an improvement in global sentiment, as pressure on other emerging market currencies also let up, analysts at Commerzbank... 

Few but important data releases are in the pipeline for this week

July 9, 2018, 9:00 am
There are not a whole lot of macroeconomic releases in the pipeline for this week, but our attention still should not waiver for the EUR/HUF exchange rate remains a cause for concern. The forint’s... 

Hungary forint climbs to 323 vs euro

July 5, 2018, 1:57 pm
The Hungarian forint began Thursday's trading at 325 vs the euro, after historic lows earlier in the week, and managed to firm to 323 around noon. The forint also gained 1% against the U.S. dollar and... 

Weaker forint could boost Hungary's EU funding by HUF 580 bn

July 5, 2018, 11:38 am
Should the Hungarian forint become stuck at 330 against the euro, Hungary could distribute HUF 580 billion more in EU-funded schemes in the 2014-2020 budget period, Portfolio's calculations show. This... 

Global changes make monetary policy unsustainable, Hungary central bank says

July 4, 2018, 4:41 pm
At its last meeting, the Monetary Council of the National Bank of Hungary (MNB) "noted that, due to changes in the international environment, the current loose monetary conditions could not persist for... 

Hungarian forint passes 327 mark vs euro, continues to gain

July 4, 2018, 9:09 am
After yesterday's firming, the forint began Wednesday's trading on strong from again, gaining one unit on the euro to reach a 326.5 exchange rate. Technical analysis indicators suggest ample room to continue... 

Hungary forint breaks 330 barrier vs euro

June 29, 2018, 1:15 pm
The exchange rate of the Hungarian forint improved slightly early on Friday, partly due to the higher dollar/euro exchange rate, but it did not last and the forint fell below 330 against the euro, another... 

Hungary central bank has four scenarios for forint to rebound

June 29, 2018, 12:51 pm
Analysts and the market in general increasingly expect the National Bank of Hungary (MNB) to take measures to protect the Hungarian forint, which has sunk to an all-time low against the euro. The central... 

Hungary govt sees speculation behind forint's historic low

June 28, 2018, 12:05 pm
Neither the state or the performance of the Hungarian economy provide a reason for the weakening forint, government spokesperson Zoltán Kovács said at a press conference on Thursday. Responding to a question... 

Few believe the forint will regain ground - ANALYSIS

June 28, 2018, 9:23 am
Analysts are reviewing their forecasts as the Hungarian forint keeps falling, and few now believe the trend will reverse before reaching 330 against the euro. What happened to the forint? Over the... 

Hungary forint hits all-time low at 328 vs euro

June 28, 2018, 8:15 am
The Hungarian forint sunk to a record low against the euro late on Wednesday as the exchange rate crawled above 328, eventually bottoming out at 328.25. The trend continued Thursday morning as well, as... 

Hungary forint sticks to 327 versus euro

June 27, 2018, 4:31 pm
Hungary’s forint started its trading session on Wednesday over 326 versus the euro. It almost reached even 326.50 at dawn which was its weakest level in the last 3.5 years. Then it crossed north... 

Hungary cenbank may be scared by EUR/HUF 340

June 26, 2018, 4:08 pm
Hungary’s forint could depreciate further in the coming weeks and may even hit 335-340 versus the euro in the third quarter, analyst at J.P. Morgan said in a recently published research note. The... 

Hungary forint still unable to recover versus euro

June 26, 2018, 2:55 pm
Hungary’s forint has failed to make a meaningful correction versus the euro on Tuesday morning, and so it starts the day slightly north of 325. The forint reached its weakest level against the euro... 

Hungary forint soars against the euro

June 22, 2018, 11:40 am
Hungary’s forint starts the last trading day of the week north of 326 versus the euro, but it has corrected rapidly and has been gaining distance also from 325 southbound. HUF keeps on firming... 
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