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Hungarian Forint Fails to Profit from Rally of Stocks

July 17, 2017 at 11:56 by Vladimir Vyun

Hungarian coins and notesThe Hungarian forint fell against the US dollar today even as nation’s stocks followed other Eastern European stocks in a rally.

The Hungarian blue chip stock index rallied to the new historic record. Yet the forint did not profit from that, perhaps because the Hungarian National Bank remains extremely dovish and may ease its monetary policy further. The strength of the US dollar was also hurting risky currencies.

USD/HUF gained 0.08% to 266.94 as of 13:53 GMT today.

If you have any questions, comments, or opinions regarding the Hungarian Forint, feel free to post them using the commentary form below.

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