The Forint Has Already Warmed up, the MNB Is Coming on Tuesday
7 Articles
7 Articles
The forint is strengthening, the euro is trading between 361 and 362, at the lower end of the daily range, while the dollar is moving above 315 forint. The Hungarian currency is strengthening broadly, and it has also risen against the Polish zloty and the Czech koruna. Attention may turn to the meeting of the MNB Monetary Council on Tuesday: in addition to the interest rate, the body will also discuss the forecasts of the latest inflation report…
The Monetary Council of the Hungarian National Bank may even make a revolutionary decision on Tuesday to lower the inflation target, which could also affect the forint exchange rate.
The mood in European markets is favorable on Monday morning. At home, banking stocks are the main drivers of the BUX index, and the forint is also gaining momentum.
The forint started the week with a slight strengthening against major currencies in the international currency market compared to Friday afternoon levels. However, the Hungarian currency's autumn performance so far shows a mixed picture.
The forint strengthened further against major currencies on Monday morning.
The forint opened stronger against all three major currencies than it closed on Friday. The euro exchange rate is already below 364.
Coverage Details
Bias Distribution
- 100% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
