Tag: fx

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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 to issue no FX bonds in 2019

December 28, 2018, 11:23 am
No international foreign bond issues are expected for 2019, the Finance Ministry and the Government Debt Management Agency (ÁKK) said at a joint press conference on Friday. This means that aside from domestic... 

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 is in cautious camp when it comes to euro adoption - Orbán

November 9, 2018, 4:26 pm
Hungary needs to be about when it comes to adopting the euro as it should remain open toward other parts of the world, Hungary’s Prime Minister Viktor Orbán said on Friday. We want to be an integral... 

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... 

HUF could hit all-time low versus euro after Hungary censure motion passes

September 12, 2018, 5:24 pm
After the abrupt weakening of the Hungarian currency, sentiment could easily turn negative on the forint market now that the European Parliament adopted the Sargentini Report saying Hungary is posing... 

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 plans panda bond sale, FinMin says

September 6, 2018, 5:21 pm
Hungary is looking to sell its second bond on the domestic Chinese market in as many years, encouraged by foreign demand for its debt during an emerging-markets selloff, Bloomberg cited Finance Minister... 

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... 

Hungary forint eases again versus euro, approaches 327

August 30, 2018, 10:55 am
Hungary’s forint eased further to the euro on Thursday morning and starts the day north of 326, while Turkey’s lira dropped 1% against the US dollar. The Government Debt Management Agency (ÁKK)... 

USD weakens, Hungary's forint appreciates

August 24, 2018, 8:55 am
Hungary’s forint firmed slightly versus the euro after opening on Friday morning, while the euro started to appreciate against the US dollar again. Investors are now focusing mostly on the annual... 

Hungary forint sell-off continues - Is it headed towards 330 vs. euro again?

August 23, 2018, 10:16 am
Hungary’s forint eased versus the euro on Thursday morning, and Turkey’s lira also shed 1% against the USD. Forint keeps on tumbling, approaches 325 to euro - 10:06 The forint has weakened... 

Hungary's forint remains unaffected by cenbank policy meeting

August 22, 2018, 11:16 am
The Hungarian central bank’s (MNB) in-line rate decision has hardly had any impact on the forint, and EUR/HUF remains around 323-324. The US dollar has settled down after some depreciation on Tuesday... 

Hungary debt manager auctions off more short bills than planned

August 21, 2018, 12:05 pm
Hungary’s Government Debt Management Agency (ÁKK) has allotted 50 billion forints worth of 3-month discount Treasury Bills at its weekly auction on Tuesday instead of the planned HUF 40 bn. The average... 

Hungary debt manager sells HUF 61.5 bn in bonds

August 16, 2018, 12:58 pm
Hungary’s Government Debt Management Agency (ÁKK) allotted 61.5 billion worth of government bonds at its biweekly auctions on Thursday instead of the planned HUF 50 bn. The average yields rose significantly... 
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