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Hungarian Forint Drops on Tax Increases & Risk Aversion
The Hungarian forint dropped today as domestic concerns added to the general risk aversion sentiment on the Forex market that was caused by the policy meeting of the Federal Reserve.(...)Read the rest...
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EUR/HUF Rises After Rate Cut Before Retreating, USD/HUF Stays Lower
The Hungarian forint fell against the euro today as the central bank cut interest rates in order to facilitate economic growth, but has recovered as of now. The currency managed to advance versus the...
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Forint Rises, Heads to Quarterly Gain
The Hungarian forint advanced today as the nation’s current-account balance posted bigger surplus in the last quarter than was expected by specialists.(...)Read the rest of Forint Rises, Heads to...
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Hungarian Forint Drops as Central Bank Performs Interest Rate Cut
The Hungarian forint weakened today after the nation’s central bank performed an interest rate cut yesterday. The general market sentiment was not helping the currency either.(...)Read the rest of...
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Hungarian Forint Strengthens as Growth Gains Momentum
The Hungarian forint gained today after the report showed that country’s economic growth exceeded forecasts, suggesting that recovery from the last year’s recession is gaining momentum.(...)Read the...
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Hungarian Forint Weakens as Analysts Anticipate Interest Rate Cut
The Hungarian forint declined today on concerns that the nation’s central bank will continue easing monetary policy even though economists warn that such actions may hurt the health of the country’s...
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Hungarian Central Bank Slashes Main Rate, Forint Retains Appeal
The Hungarian forint advanced today even after the nation’s central bank reduced its main interest rate. The bank was not particularly pessimistic despite the interest rate cut, helping the currency to...
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Forint Drops as Hungarian Central Bank Cuts Main Interest Rate
The Hungarian forint declined today after the nation’s central bank lowered its main interest rate for 22nd consecutive month, extending the longest monetary-loosening cycle in Europe, and signaled...
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Hungarian Forint Rises as Central Bank Ends Interest Rate Cut Cycle
The Hungarian forint advanced today after yesterday’s monetary policy meeting of the nation’s central bank. While the bank cut its main interest rate more than was expected, it also announced an end to...
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Forint Gains as Hungarian Central Bank Keeps Rates Stable
The Hungarian forint strengthened yesterday after the nation’s central bank left interest rates unchanged, a move expected by market analysts, and pledged to keep monetary policy stable for as long as...
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Hungarian Forint Gains vs. Euro, Falls vs. Dollar
The Hungarian forint rallied against the euro on speculations that Standard & Poor’s is going to upgrade the outlook for the nation’s credit rating (though it has basically lost its gains as of...
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Hungarian Forint Down After Surprise Interest Rate Cut
The Hungarian forint traded lower today after yesterday’s surprise from the nation’s central bank. The Magyar Nemzeti Bank (the central bank of Hungary) lowered its main interest rate from 1.35% to...
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Hungarian Forint Higher vs. Euro After Central Bank Announcement
The Hungarian forint gained on the euro and was stable against the US dollar today as Hungary’s central bank signaled about an end to its monetary easing cycle. The Magyar Nemzeti Bank announced today...
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Hungarian Forint Declines with Foreign Investment
The Hungarian forint dropped against the US dollar today as investors were reluctant to bring money into the nation’s economy. According to Reuters, the volume of investments in Hungary tumbled 20.3%...
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Hungarian Forint Falls After Central Bank’s Policy Meeting
The Hungarian forint fell today after the monetary policy meeting of the Magyar Nemzeti Bank (Hungary’s central bank). While the bank decided to keep its central bank base rate unchanged, it reduced...
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Hungarian Forint Falls After Policy Meeting
The Hungarian forint fell today after Hungary’s central bank preserved its extremely loose monetary policy and hinted that it can make the policy even more accommodative if it is required. The Magyar...
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Hungarian Forint Fails to Profit from Rally of Stocks
The Hungarian forint fell against the US dollar today even as nation’s stocks followed other Eastern European stocks in a rally. The Hungarian blue chip stock index rallied to the new historic record....
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Hungarian Forint Drops After Central Banks Stays Put
The Hungarian forint fell today after Hungary’s central bank left all of its interest rates unchanged and promised to keep monetary policy accommodative for a long period of time. The Magyar Nemzeti...
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Hungarian Forint Strengthens As Central Bank Leaves Interest Rates Unchanged
The Hungarian forint is strengthening on Tuesday as the central bank left interest rates unchanged and confirmed that it would not be ultra-aggressive in its quantitative easing efforts as its global...
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USD/HUF Falls After Sharp Q2 GDP Decline Amid COVID-19 Pandemic
The Hungarian forint is looking to rebound against a plethora of currencies on Tuesday after the Central European country recorded disappointing economic data that showed how hard it was hit by the...
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