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.
The Fed chairman announced on Thursday the names of fifteen external experts who will work in five working groups to reform the central bank’s operations. The list is surprising. While some names are expected to reflect the will of Fed Chairman Kevin Warsh, it is not certain that his voice will be the strongest in all cases.
We are talking to an expert about the most important changes in investments, financial markets, and the financial thinking of the Hungarian population.
Due to Iranian war tensions, the Hungarian forint weakened significantly on Wednesday, but it has since started to recover: yesterday it strengthened by almost 0.8 percent against the euro, and today it has further strengthened by another 0.2 percent. Against the dollar, the forint fluctuated around 311-312, while against the euro it remained around 355-356.
The Ukrainian National Bank is issuing a new 2,000 hryvnia banknote, which will be the country’s largest denomination currency. The move is aimed at facilitating cash transactions during a period when the war is driving up inflation, and when the operation of banks and electronic payment systems is often disrupted - according to Reuters.
The police have closed the investigation into the missing MiG-29 fighter aircraft parts from the Kecskemét military airport, as there was no evidence of a crime.
I have created what I believe to be the best language learning program ever, so far only for Android (What I love most about it is “Humility” by…). The article “Looking for Testers” first appeared on the blog “Calculator - a finance blog”.