Dollar at One-Year High, Forint Awaits Domestic Data
6 Articles
6 Articles
On Friday, the euro again approached the psychological level of 370, as the forint continues to be under pressure from the dollar, which is near a one-year high, and the advanced long-term yields, which are breaking multi-year records. On Monday morning, the euro is at 368.3 and the dollar at 329. Unusually, the domestic calendar is the heavier this week: on Tuesday, MNB Deputy Governor Zoltán Kurali will speak about the euro introduction, Septe…
Although the forint and the domestic bond market soared after the spring parliamentary elections, the trend reversed in the third quarter, as the Hungarian currency weakened significantly due to the deteriorating international sentiment and the strengthening of the dollar. However, on an annual basis, it still outperformed regional currencies. In the final months of the year, the key figures of the 2027 budget, which will be presented soon, the …
The common European currency weakened to a one-and-a-half-year low against the dollar, while the forint strengthened somewhat against both the euro and the dollar.
The forint continues to weaken at the beginning of the week, especially against the soaring dollar.
The Hungarian currency has weakened dramatically against the dollar. Despite the minimal strengthening over the weekend, the euro is still trading above 368.
By morning Hungarian time, the domestic currency was only able to strengthen against the euro.
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