The forint is weakening
The Japanese central bank’s intervention in the foreign exchange market caused the yen to strengthen against the dollar by more than 2 percent, while the dollar weakened against the euro. The focus of market attention is on the energy crisis, the yen’s movement, and incoming macroeconomic data. The euro is trading at around 362 forints, and the dollar is trading at around 315 forints.
Yesterday, the Japanese central bank’s intervention in the foreign exchange market led to the yen strengthening against the dollar by more than 2 percent, while the dollar also weakened against the euro. Throughout the day, news related to the energy crisis, the movement of the yen, and incoming macroeconomic data were of particular interest. The forint was at around 362 against the euro and 315 against the dollar in the morning.
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