The Forint Starts the Week with a Strengthening Start, Which Promises to Be Busy
5 Articles
5 Articles
International currency markets are in a wait-and-see mood ahead of the US midterm elections and the central bank's interest rate decisions due this week. The euro is stagnating near a 17-month low of around $1.1182 after Fitch Ratings downgraded France's debt rating outlook to negative on Friday. Meanwhile, the forint is strengthening, with the euro trading at around 365.5 and the dollar at around 326.5. In addition to manufacturing data, invest…
The market sentiment is optimistic at the beginning of the week, oil market quotes have turned sharply, and the stock markets are waiting for an important announcement from Apple.
The forint's exchange rate against major currencies was mixed on the first day of the week: while the exchange rate barely changed against the euro, the Hungarian currency was able to strengthen against the dollar and the Swiss franc. However, looking at the previous week's performance, the picture is more nuanced.
The Hungarian forint started Monday's trading with mixed results against the major currencies, without any significant movement. While the euro exchange rate was stuck exactly at Friday evening's levels, the dollar and the Swiss franc started the week with minimal drops, giving the domestic currency some breathing room. The post The forint starts the week mixed: the euro exchange rate is stuck above 365 appeared first on Most Hír.
The Hungarian forint and Asian stock markets both started the week mixed. The Hungarian currency's exchange rate was little changed compared to Friday evening quotes, while the price of Brent crude oil fell by almost 3 percent and gold rose in price.
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