The forint strengthened

The euro is down 0.3 percent against the forint, while the dollar’s exchange rate has decreased by 0.35 percent.

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The forint strengthened in the afternoon, so it is already close to the level of 369 against the euro.

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

In the morning, the forint strengthened slightly, the euro/forint exchange rate was close to 369. We see a level of 369.5 in the early afternoon.

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

On Monday morning, the forint was at 370 against the euro, which was practically the same as the exchange rate on Friday evening. It is a question whether the Hungarian currency can continue the strengthening of last week, since the end of the strengthening was a little below 370 last time as well. In other words, according to the signs, this may prove to be a strong support for the exchange rate. At home this week, we are mainly paying attention to the inflation data arriving on Thursday morning, and international news may also be important from the forint’s point of view. Against the dollar, we are now at 346, while the British pound costs HUF 429.65.

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

Among the competitors of the forint, the Polish zloty and the Czech koruna also strengthened last week, this morning the zloty started with a 0.1 percent weakening, while the koruna started with a minimal strengthening. In the emerging market, after the presidential election, the Turkish lira came into focus, it started with another one percent weakening on Monday morning, so its exchange rate against the dollar is already above 21. Meanwhile, the Russian ruble started the week with a 0.15% decline.

The international mood may fall mainly in the euro-dollar exchange rate this week, after the uncertainties related to the American debt ceiling, the dollar is strengthening for the time being on Monday morning, the quotation fell by 0.15 percent below 1.07. Meanwhile, the Japanese yen weakened by 0.2 percent and the British pound by 0.3 percent against the dollar.

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

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