Hungary forint strong on Monday morning

Portfolio
Market sentiment remains strong in the absence of negative news and also as a result of Fed money printing pushing ahead at full mast. Key stock markets have been rising, while the US dollar is under pressure. However, the closing of positions ahead of Wednesday's Fed decision could result in a minor correction of the recent upbeat market trend worldwide.

In this supportive external environment, the strength of the Hungarian forint is unbeaten, with three-month peaks vs. the euro at 292 as well as vs. the Swiss franc at 237, while the currency at its strongest in a year vs. the US dollar at 211.5. Monday morning trade continued at the same levels as Friday afternoon, without significant fluctuation witnessed in the past few hours.


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With 0.5% gain, the Hungarian forint has slightly outperformed the region's other currencies vs. the euro.

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