The forint is getting increasingly worse, falling to 365.
The forint’s trading on Thursday initially stabilized, but the exchange rate weakened throughout the day due to the international mood and expectations regarding US labor market data. Important factors include the US-Iran negotiations, the price of oil, and expected interest rate changes by the Japanese and US central banks. The KSH’s unfavorable industrial and retail data also affected the forint, while demand for Hungarian government bonds remained stable.
The forint began trading stably on Thursday, but the outlook weakened during the day due to the international mood and the release of US labor market data. The focus of global currency markets will be on US-Iran negotiations, oil prices, and expected interest rate moves by the Japanese and US central banks. The day began with less favorable industrial and retail KSH data, and news about the Danube’s water level and the energy supply situation could also cause fluctuations in the domestic currency. The market is still waiting for Hungarian government bonds.
