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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.

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The forint fell befektetes-bank

The forint fell

After the MNB cut interest rates, the euro’s exchange rate has remained above 360 forints. The weakening of the forint is due to the escalation of the Iran-Iraq war, rising oil prices, the strengthening of the dollar, and the MNB’s intervention in the Iranian market. In addition, rising oil prices and the increase in US Treasury yields have pushed the dollar to its lowest level against the Japanese yen in 40 years, prompting the market to watch for Japanese yen intervention.

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