The forint is over on busy days. During the week of the US presidential election, it weakened to 412, and then recovered to 404. This week it was already above 411, but by this morning it had managed to recover to 406. It costs HUF 406 and 30 on Friday morning eurowe see an increase of 0.1%.
The forint is driven by the dollar recently,
as is the American dollar strengthens, the forint weakens, and the reverse is also true. The dollar has trended against the euro in the previous months, but this morning we see some weakening, we see a 0.2% weakening of the dollar, the quote is around 1.054.
The forint strengthened by 0.3% against the dollar. The dollar now costs 385 forints and 40 fils. In the previous days, the forint weakened to 388 against the dollar.
Today’s most important data is the US retail trade data, because the markets are now speculating on how US interest rates may develop in the future. The data will be published in the afternoon and may bring some movement to the markets.
The cover image is an illustration. Cover image source: Getty Images
Source: www.portfolio.hu
