Tag: huf

Goldman Sachs expects Hungary’s forint to remain under pressure throughout 2012 as the cabinet is looking at tough talks with the International Monetary Fund (IMF) on a financial assistance programme... 

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... 

Hungarian assets did not perform well in global comparison over the past month; the forint depreciated to 295 against the euro from around 288 at the end of February. But local fund managers have turned... 

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 International Monetary Fund (IMF) has no plans to send a team to Hungary in April and there has been no change in the situation around talks on a potential aid deal, the Fund’s Resident Representative... 

European Union finance ministers are planning to freeze EUR 495 million in aid to Hungary on Tuesday for failing to control its budget deficit, Reuters cited diplomats as saying. This would be the first... 

A serene early afternoon trading on the forint market went abruptly topsy-turvy when the Hungarian currency firmed two units against the key currencies in a matter of minutes, while global markets were... 

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... 

The forint kept on gaining versus the euro in February too, but in spite of that local fund managers continue to have an upbeat outlook on the Hungarian currency. However, they have turned more cautious... 

Hungary’s government hopes to enter negotiations with the International Monetary Fund (IMF) and the European Union by early March “at the latest" to secure a financial assistance programme... 

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... 

Hungary’s forint has taken a tumble in the middle of last week against the euro, with the HUF actually outperforming many of its peers. Strategists at Societe Generale believe this move has been... 

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 started to weaken markedly around noon on Wednesday, going to 313 versus the euro from 310 in the morning. The FX market was relatively calm in the morning session, but several... 

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...