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.
In the morning, the forint started with minimal weakening, but in the second half of the day, the Hungarian currency experienced a more significant decline. The euro note rose to above 363, which was almost a two-month high, and the dollar reached 316.5. By evening, the forint had reversed its previous trend and strengthened against both foreign currencies.
The situation exerts extraordinary pressure on the labor market, the healthcare system, and the social safety net, making the increase in the retirement age inevitable.
American inflation data caused a significant surprise, which positively affected currency markets, leading to a strengthening of the forint on Tuesday and continued momentum on Wednesday. However, tensions in the Middle East and rising oil prices influenced market movements. The afternoon American producer price inflation data also affected the forint’s exchange rate, which is currently showing significant fluctuations.
They invited me to give a presentation in a church, for a men’s gathering. Here is the video if you are interested. (In the church,… The article “The Bible and Money” was first published on the blog “Kiszámoló” - a blog about finance.
The forint started the day weakly, weakening to levels not seen since April and May due to the escalating Iranian conflict. However, surprisingly low US inflation data in the afternoon led to a turnaround in expectations regarding interest rates.