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The Forint Was Not Prepared for This: the Hungarian Currency Falls After Trump's Signal
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Today, the Hungarian currency hit a multi-year high against both the euro and the dollar. Although the forint began to weaken in the afternoon following Donald Trump's statement urging a divestment from Russian energy, the currency is still considered strong in both the short and long term. The appreciation of the forint is fundamentally supported by high interest rates and good investor sentiment, but further strengthening is also expected acco…
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