On Monday, the forint fell to a new two-year low against the euro. At half past 10 in the morning, one euro was 412.5 forints, from which the Hungarian currency tried to recover later, the quotations fell to 411.7.
President-elect Donald Trump announced on Saturday that he will nominate investment expert Scott Bessen to be his Treasury Secretary. THE Portfolio according to his article, US government bond yields and the dollar reacted to the news with a fall, future stock indices and emerging market currencies jumped, and all of this caused a jump in the forint against the dollar as well. The portal says that the dollar also weakened against the euro, so the dollar/forint exchange rate dropped from 394.5 to around 393.
It has been revealed who Donald Trump nominates as Secretary of the Treasury
Source: nepszava.hu
