2025: will Trump bring us a new golden age or a tariff war?
Hungarian economic prospects, the expected development of the forint exchange rate, and investment opportunities will be discussed at our December event, where experts will explain the possible economic effects of Donald Trump’s return.
The forint continued to weaken against the euro on Thursday, falling to 415 in the morning hours, which marked a new two-year low. This fall was completely different from the movement of the regional currencies, while the forint reached a historic low against the Polish zloty.
However, there was a correction in the second half of the day and the price returned to the 413 level by the evening.
The movement is mainly driven by specific Hungarian factors. Investors’ attention is drawn to the new, promised by Prime Minister Viktor Orbán in his radio interview for Friday Friday’s announcement regarding the president of the Hungarian National Bankrespectively concluded by Moody’s credit rating review, besides, it is New sanctions against Russia are also a riskespecially with regard to Hungarian gas purchases.
Liquidity was low in the evening due to overseas markets being closed for the US Thanksgiving holiday. Accordingly, the forint exchange rate remained stable both against the euro (around 413) and against the dollar (around 391).
Until the last period of the day, when compared to the euro, the exchange rate spiked to 414, from which it corrected back to around 413-413.1 on Friday morning.
Compared to the dollar, the forint followed the same course as the euro on Friday morning: the exchange rate spiked to 392.3 by midnight, and since then it has come down to around 391.
On Friday, among the macro data, we pay attention to domestic unemployment, French and EU inflation statistics, as well as November’s unemployment and retail trade statements from Germany.
The cover image is an illustration. Cover image source: Getty Images
Source: www.portfolio.hu
