The forint weakened to 361 against the dollar
By evening, the dollar exchange rate exceeded HUF 361. The forint also weakened against the euro: they ask for 384.3 forints for one euro.
The dollar is over HUF 360 again
By Thursday evening, the forint weakened again above the 360 level against the dollar: they are currently giving 360.3 forints for one dollar. The forint strengthened slightly against the euro: it stands at 383.6.
The forint improved a bit, the dollar under 360
The forint still weakened by 0.5-0.6 percent against the dollar, but turned back from its daily low.
Development of the USD/HUF exchange rate
The dollar strengthened further
The dollar exchange rate is between HUF 360-361. The Hungarian currency has already weakened by more than 0.7 percent compared to the dollar.
Development of the USD/HUF exchange rate
Meanwhile, the euro-dollar cross rate hovers around 1.065, the euro also lost nearly 0.7 percent of its value. The dollar started to strengthen after the ECB’s interest rate decision. The most important sentence of the published announcement was that, based on the currently available information, interest rates have reached the level whose long-term maintenance can ensure the achievement of the inflation target. This was also confirmed by Christine Lagarde, President of the ECB.
Development of the EUR/USD exchange rate
The dollar is close to HUF 360
The dollar strengthened by half a percent compared to the HUF following the decision of the Governing Council of the European Central Bank (ECB). The exchange rate is approaching the 360 level.
Development of the USD/HUF exchange rate
The exchange rate of the forint against the dollar is falling
The dollar hovers around HUF 359, which is a 0.3 percent increase compared to the domestic currency.
Development of the USD/HUF exchange rate
Meanwhile, after the ECB’s interest rate decision, the euro falls against the dollar, the exchange rate hovers around 1.07.
Development of the EUR/USD exchange rate
The forint weakened minimally against the euro
The euro is hovering around HUF 384.2 on Thursday morning, and is currently looking for direction.
Development of the EUR/HUF exchange rate
The forint is also waiting for the important decision of the ECB in the afternoon
On Thursday morning, the forint was close to 384 against the euro, which for now represents a minimal movement compared to Wednesday evening. The Hungarian currency is now primarily driven by the international mood, it was able to strengthen after yesterday’s US inflation data, as the dollar tended to weaken. Another important development is coming today, as the ECB is holding an interest-rate meeting, at which there may also be a more serious debate among decision-makers about whether to raise the interest rate one more time. Because of the remaining inflationary risks and the fear of recession, the central bank is in a pinch, so far it is not known which will fall more heavily on the lat. Against the dollar, we are now around HUF 357.3, while the British pound costs HUF 446.6.
Development of the EUR/HUF exchange rate
Among regional competitors, the Polish zloty and the Czech koruna also started the day with a slight movement. In the emerging market, both the Turkish lira and the Russian ruble show minimal movement against the dollar.
It will also be worth paying attention to the euro-dollar exchange rate in the afternoon, this may indirectly affect the HUF. US inflation yesterday was as expected, it hardly changed. The quotation is now around 1.0746, which means a minimal weakening of the dollar. In other words, the American currency has moved towards weakening, and the ECB’s decision could even reverse this. The Japanese yen started the day with a 0.2 percent gain, and the British pound is stagnant against the American currency for the time being.
Development of the EUR/USD exchange rate
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