The forint is falling, the euro is already at 409 on the public holiday

The forint is falling, the euro is already at 409 on the public holiday

In Europe, the Polish stock exchange is closed in addition to the Hungarian one, but there is also a bank holiday in France and Italy. This means that for example

they continue to work in important financial centers (London, Frankfurt),

and with the help of this, the forint returned to below 408 against the euro from around 408.5 on Friday morning. Thus, it was able to strengthen further from yesterday’s level of 409.6, which was almost a new two-year forint low.

Currency pairs, indices, commodities, shares, CFDs. Everything that makes a trader’s heart beat in connection with fluctuating exchange rates. Portfolio Trader

We examined the forint market movements in two separate analyses:

The euro/dollar has been around 1.0875 since last night, so the dollar/forint exchange rate is stuck around 375.5 on the interbank market.

Currency pairs, indices, commodities, shares, CFDs. Everything that makes a trader’s heart beat in connection with fluctuating exchange rates. Portfolio TraderThe forint is falling, the euro is already at 409 on the public holiday
Currency pairs, indices, commodities, shares, CFDs. Everything that makes a trader’s heart beat in connection with fluctuating exchange rates. Portfolio TraderThe forint is falling, the euro is already at 409 on the public holiday

Due to the clock adjustment, the important US labor market data will arrive at 2:30 this afternoon (number of new non-agricultural jobs, unemployment rate, hourly wages), which can have a significant impact on the Fed’s interest rate policy, and thus also on the HUF.

The cover image is an illustration. Cover image source: Getty Images

Source: www.portfolio.hu