Forint — News Archive


Hungarian Forint Rallies, Ending Sell Recommendation from Goldman

The Hungarian forint advanced today, breaking the level above which Goldman Sachs recommended their customers to close sell positions. The breakout added to the upward momentum of the currency.

Forint Climbs as Central Bank Discusses Methods to Spur Growth

The Hungarian forint gained today as the central bank started meeting with commercial lenders to discuss plans to encourage loans and spur economic growth as a result.

HUF Drops as MNB Plans Expanding Foreign-Exchange Reserves

The Hungarian forint dropped today on signs that the nation’s central bank will expand its foreign-currency reserves as a way to boost the economy.

Forint Hurt by Hungary’s GDP & CPI

The Hungarian forint fell today as worsening recession of the country’s economy and slowing inflation made traders speculate about an interest rate cut in the near future.

Forint Declines with Drop of Industrial Production

The Hungarian forint fell today as nation’s industrial production declined, spurring speculations that the central bank will continue its policy of monetary easing.

Forint in Danger from Interest Rate Cut

The Hungarian forint strengthened today, but may yet retreat as the nation’s central bank lowered its main interest rate amid fears of recession in the European Union.

Forint Suffers from Bad German Data

The Hungarian forint fell today as negative macroeconomic data from Germany scared investors and made them reluctant to buy risky assets.

Forint Loses Gains, Still Heads for Third Weekly Advance

The Hungarian forint climbed today, before trimming its gains, as the government may remove a legislative obstacle that prevented talks about a bailout. The currency pulled back after the initial gains, but recovered and headed for a third straight weekly advance.

Forint Gains as Europe Strengthens Firewall Against Crisis

The Hungarian forint gained today after European finance ministers agreed to boost the bailout fund, leading to hope that Hungary may be able to resolve its debt problems.

Forint Goes Lower as Borrowing Costs Rise

The Hungarian forint declined today, though it currently attempts to regain strength, as the result of the debt auction wasn’t favorable and the rating agencies downgraded the nation’s credit rating.