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The forint is getting increasingly worse, falling to 365.
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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.

Latest Dispatches

Big Mac index: the forint is still considered cheap, but there is a twist in the story befektetes-bank

Big Mac index: the forint is still considered cheap, but there is a twist in the story

The forint remains undervalued, according to recent statistics published by The Economist, when measured by the Big Mac index. However, the trend is clear: the domestic currency is appreciating against the dollar at a record pace, and the Big Mac graph shows a number not seen in 12 years. This indicates that the forint’s exchange rate has reached an unprecedented level.

Portfolio.hu - Deviza
The previous system is ending: important changes are coming to supported loans in Hungary. befektetes-bank

The previous system is ending: important changes are coming to supported loans in Hungary.

The government has launched a comprehensive reform of the system of state support and guarantees for market lending. The package of measures, which is signed by Prime Minister Magyar Péter, aims to reduce risk and align the level of guarantees with the EU average. In addition, the Széchenyi Card program and the Magyar Fejlesztési Bank’s lending practices will be reviewed and reformed.

Portfolio.hu - Bank
The forint is expected to strengthen, important data has arrived from the United States. befektetes-bank

The forint is expected to strengthen, important data has arrived from the United States.

The forint started the week at around 364 for each euro, while the forint-dollar exchange rate fell to 315.7 forints. The Japanese yen experienced a significant strengthening following a joint intervention by the Japanese Ministry of Finance with the United States. This move and the easing of tensions between Iran and the United States put pressure on the dollar, leading to a six-month high for the euro. Investors are also paying attention to the US-Iran negotiations and the US labor market report, which could influence the Fed’s interest rate policy.

Portfolio.hu - Deviza