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.
On Wednesday, the Hungarian forint was influenced by the prices of the dollar, the euro, and the Japanese yen, after it had strengthened by 3 forints on Tuesday. The market was paying attention to US labor market data and the Fed’s monetary policy, as well as the effects of Japanese-US currency market interventions. Hungarian energy supply risks also had an impact on the forint. Throughout the day, the markets were optimistic about the resolution of the Iranian-US conflict, but by evening, the forint weakened again.
The new KRESZ (Hungarian road traffic regulations) public consultation is underway, with one of the most important issues being the regulation of the use of electric scooters, including speed limits, age restrictions, and mandatory helmet use.
We asked commuters about the shutdown of the Paks Nuclear Power Plant, the possibility of using the cooling tower, and the future of reducing energy costs.
The merger has increased the membership of the country’s largest independent savings and credit cooperative to 110,000 members, and the assets under management have exceeded 2.95 billion forints.
In a July analysis, we discussed a stock that had been experiencing a downward trend for over a year, which finally broke this week, opening up a significant upward path for the stock.
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