[ad_1]
The forint was hovering around 357.7 against the euro on Wednesday morning, which was a minimal weakening in terms of the Hungarian currency compared to last night. The price of the euro forint was close to 362 on Tuesday, and then changed dramatically after the MNB announced its new currency exchange tender. We have to wait a little longer for the August inflation data to arrive at 9 am, to which the forint exchange rate may also react. The rate of price increase jumped unexpectedly in July, so investors are already watching the latest statistics closely. We are at 303.64 against the dollar, while sterling costs 393.7 guilders.
Among the regional competitors of the forint, the Polish zloty and the Czech crown started the day stagnant. After underperforming in recent weeks, the forint resolved some of its downsides yesterday, but it is still lagging behind. In the emerging market, the Turkish lira began to stagnate and the South African rand began to appreciate 0.1 percent against the dollar.
The euro-dollar price fell below 1.18 yesterday, which means that the correction in the currency pair continues. Investors are now mainly focused on the interest rate decision by the ECB tomorrow and the Fed next week. The Japanese yen slightly strengthened this morning and the British pound weakened 0.2% against the dollar.
Cover image: Getty Images
[ad_2]
