March 14, 2013, 2:25 pmSmall and medium-sized Hungarian firms would be helped by lower interest rates but the government does not want a weak currency, a senior Economy Ministry official said on Thursday. The forint has been...
March 14, 2013, 11:32 amStrategists at Credit Suisse have said on Thursday they are bearish on Hungary’s forint, expecting recurring sell-off periods followed by weak recoveries. Budapest does not seek weaker HUF ...
March 13, 2013, 4:19 pmThere is no reason for Hungary’s central bank (NBH) to alter the cautious nature of its rate reduction cycle, said Ádám Balog, newly appointed Deputy Governor of the bank. He also told Dow Jones...
March 13, 2013, 1:52 pmAlthough global investor sentiment remains favourable, Hungary’s forint is not benefitting from it. The HUF kicked of the day at 8-9-month lows against key currencies and eased further in the morning...
March 13, 2013, 12:47 pmHungary’s forint plunged the most among 31 major currencies on Tuesday after the Central Statistics Office (KSH) said inflation slowed sharply to a seven-year low of 2.8% in February from 3.7%, more...
March 12, 2013, 4:49 pmOn Tuesday morning we have seen a replay of early Monday’s sharp forint weakening that sent the Hungarian currency to yet another 9-month low versus the euro. The HUF almost reached 306 to the EUR...
March 11, 2013, 12:06 pmHungary’s forint failed to recover after its fall last Friday and it suffered yet another hit on Monday morning, sending it to 303.50 versus the euro. Against the Swiss franc it was quoted north...
March 6, 2013, 4:43 pmHungary’s forint kicked off its trading session on Wednesday around 298 to the euro, at Tuesday’s closing level, after a government official rebuffed market views that the government will be...
March 6, 2013, 12:59 pmThere are many bits and pieces of information in the local media about the latest FX debt plans of the Hungarian government, but no specific details are available. The forint’s weakening is caused...
March 6, 2013, 9:34 amHungary wants to boost exports to Russia, Asia and Africa to help the economy return to growth but not at the cost of weakening the forint, said Péter Szijjártó, State Secretary for Foreign Affairs and...
February 11, 2013, 10:54 amAfter a “test" of the market in the middle of last week it seems that chances of Hungary’s Economy Minster György Matolcsy becoming the next Governor of the central bank (NBH) have grown and...
February 6, 2013, 1:45 pmHungarian business daily Világgazdaság wrote late on Tuesday, citing reliable but unnamed sources, that a decision has been made by the ruling Fidesz party to give the job of outgoing central bank (NBH)...
February 5, 2013, 11:00 amWe were witness to massive fluctuations in the forint exchange rate over the past few weeks and Hungary-based fund managers are not exactly upbeat about the prospects of the HUF. They have palpably turned...
February 4, 2013, 8:54 amHungary’s forint opened around its Friday close versus the euro on Monday, while there were no significant changes in the main exchange rate crosses since the end of last week. There are only a few...
January 31, 2013, 2:15 pmWhile the rate decision statement by the Federal Reserve did not generate much of excitement on the markets, comments by Hungary’s Economy Minister delivered several reassuring messages. These propped...
January 30, 2013, 11:59 amHungary’s forint has managed to hold on to levels it appreciated to versus the euro on Tuesday and in early Wednesday trading it has even gained some. EUR/HUF briefly went south of 295 then comments...
January 25, 2013, 3:15 pmOnly a country in a sound fiscal position can be capable of repaying 180 billion forint worth of IMF credit ahead of schedule, said Antal Rogán, head of the ruling Fidesz party’s parliamentary group...
January 25, 2013, 2:15 pmGlobal investor sentiment remains favourable but Hungary’s forint is unfazed by this and fell to a 7-month low versus the euro on Friday afternoon, reaching 298.60. This most likely has to do with...
January 21, 2013, 2:47 pmThere are more than one factors at play which have been causing the weakness of Hungary’s forint since mid-December, said Ferenc Karvalits, Deputy Governor of the country’s central bank (NBH)...
January 18, 2013, 2:33 pmSociete Generale has recommended shorting Hungary’s forint and steeper curve in an Emerging Market Special trade idea released on Friday. C.bank reshuffle to dominate in H1 SG started this...
