The Forint Began to Weaken Immediately After the Israeli Airstrikes, but the Price of Oil Shot Up.

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The Israeli airstrikes against Iran immediately brought the expected reaction on the stock markets: gold, oil, dollar: price increases, stock markets, minor currencies, including the forint: weakening.

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The forint fluctuated wildly due to tensions in the Middle East, but surprisingly stabilized by Friday morning. Against the euro, it broke out of the 30-day moving average in both directions – then returned to the band.

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The Hungarian forint began to weaken more sharply against the euro on Friday morning after Israel began bombing Iranian nuclear facilities overnight. The Hungarian currency suddenly lost the gains it had built up over the past few days and bounced back to the other end of its previous range.

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Panic has set in over the possibility of another war: the forint is being hit, the price of oil has skyrocketed - Investors are fleeing to gold.

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Friday the 13th brought no luck to the forint. The post We Can't Even Watch: The forint weakened dramatically on the morning of the Israeli attack was first published on Most Hír.