Mihaly Varga — News Archive


Hungarian Forint Drops on Tax Increases & Risk Aversion

The Hungarian forint dropped today as domestic concerns added to the general risk aversion sentiment on the Forex market that was caused by the policy meeting of the Federal Reserve.

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.

Hungarian Forint Gains on Government’s Budget Plans

The Hungarian forint, which dropped previously on the speculations about the possible default in Hungary, strengthened today for a second day after Hungarian government pledged to stick to the budget deficit goal.