Tag: huf

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Heavy swings in Hungary's forint are warning signs - state secretary Orbán

May 29, 2014, 10:46 am
Hungary’s efforts to reduce public debt are successful; the owners of banks operating in Hungary are not objective and neither the cabinet nor the central bank have an exchange rate target, said... 

ANALYST VIEW - Goldman Sachs sees EUR/HUF shift towards 320 likely

March 24, 2014, 2:37 pm
Hungary’s forint could drop to a new two-year low versus the euro after the central bank (NBH) delivers another rate cut on Tuesday to 2.60%, economists at Goldman Sachs have projected. The main... 

Hungary forint stumbling around 2-yr low vs. EUR

February 19, 2014, 3:50 pm
The larger-than-expected rate reduction by Hungary’s central bank (NBH) on Tuesday and the rationale behind it triggered immediate HUF weakening and the forint is already approaching its two-year... 

Hungary forint eases after unexpectedly large rate cut, MPC rationale

February 18, 2014, 3:08 pm
Hungary’s forint has been moving sideways versus the euro at around 308.50 practically for two days. Then along came the central bank, and while the market was projecting a 10bp reduction to the... 

Hungarian fund managers: HUF may ease to 328 vs. EUR

February 7, 2014, 8:37 am
Emerging market currencies got under pressure in January and last month was not the happiest for Hungary’s forint either. Although local fund managers polled by Portfolio.hu have turned less pessimistic... 

Hungary 5-yr CDS spread at 5-month high

February 3, 2014, 4:46 pm
China’s manufacturing PMI and services PMI readings (6-month and 5-year lows, respectively) did not exactly improve the jittery mood on global financial markets over the weekened, and it stock markets... 

The biggest forint slumps of the past few years in one chart

January 30, 2014, 11:04 am
Hungary’s forint depreciated sharply amidst an unfolding Emerging Markets panic over the past few days. On Thursday, the HUF crossed north of 310 against the euro, which occurred only two times before.... 

Will Hungary’s forint get some breathing space?

January 27, 2014, 9:33 am
There are signs on external markets and some indication by technical analyses that Hungary’s forint may get some rest after its heavy depreciation that took place during steep emerging market plummets... 

CEE currencies take heavy enemy fire, Hungary's forint at 10-m low

January 24, 2014, 4:49 pm
There has been relentless pressure from the sellers’ side on emerging market currencies for days now, with new multi-month and even all-time lows being hit one after another. The occasionally heavy... 

Hungary forint to ease to over 320 vs. euro? - Fund Manager Survey

December 5, 2013, 5:24 pm
Uncertainties around Hungary’s relief package for FX mortgage holders and the continuous decline in the local interest premium kept the forint under pressure in November. But the adversities of the... 

ANALYST VIEW - Hungary forint at the mercy of court ruling on FX mortgages - Nomura

December 3, 2013, 4:18 pm
Nomura believes a decision by Hungary’s Supreme Court relating to FX loans is prone to have an effect on the forint exchange rate. Even a partial judgment could shake the HUF and the central bank... 

Hungarian fund managers expect forint to weaken north of 300

August 8, 2013, 12:20 pm
Hungary’s forint depreciated versus the euro in June and local fund managers polled by Portfolio.hu have turned gloomier both in their short-term and long-term views on the HUF, which means a larger... 

Hungary forint stuck to 300 against euro

July 31, 2013, 11:27 am
Some buying power appeared on U.S. stock markets by the end of the Tuesday session, but it failed to generate a clearly cheerful mod no Asian markets therefore the wait-and-see attitude lingers on ahead... 

Hungary forint slumps to new 1-month low against euro

July 29, 2013, 4:42 pm
Hungary’s forint has opened the week close to 298 versus the euro, a level it was hovering around last Thursday and Friday. After moving sideways it dipped to a new one-month low in the afternoon... 

Hungary forint eases back to 1-month low vs. euro

July 25, 2013, 12:44 pm
Investor sentiment on global money and capital markets has worsened markedly since Wednesday afternoon and news flow on the relief package planned by the Hungarian government for foreign currency mortgage... 

Hungary forint firms after minister's FX debtor relief comments

July 24, 2013, 2:11 pm
Hungarian central bank (NBH) Governor György Matolcsy’s announcements on Tuesday - smaller cuts, forward guidance ahead - triggered an immediate weakening of the forint, and the currency has suffered... 

Hungary forint easing stops

July 19, 2013, 1:19 pm
The news flow on the Hungarian government’s latest plan to provide further assistance to foreign currency debtors has weighed down on the forint on Wednesday and Thursday but the currency’s... 

Hungary forint gains abruptly

July 16, 2013, 12:24 pm
Hungary’s forint temporarily firmed to 291 versus the euro on Monday amidst favourable global investor sentiment and it has been hovering close to 292, an important technical level. In the morning... 

Hungary forint back around 1-m high versus euro

July 15, 2013, 3:52 pm
China’s second quarter GDP figure (+7.5%, down from +7.7% in Q1 and 7.9% in Q412) did not cause much of negative surprise, allowing the favourable sentiment on global money and capital markets that... 

ANALYST VIEW - Goldman Sachs long-term bearish on Hungary's forint

July 15, 2013, 11:09 am
Hungary’s forint remains sensitive to demand for Emerging Market assets and the outlook for global rates, strategists at Goldman Sachs said in a research note. In their view, however, the more cautious... 
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