There was an exchange rate of almost 360 against the euro, if the forint breaks through, the next step could be at 370.

The last time the forint was so weak in April, at the time of the coronavirus epidemic and the impact caused by the restrictive measures imposed, it was as weak as on September 2. The exchange rate weakened almost continuously from morning to early afternoon, with a meager shortage of 360 guilders per euro. Then the exchange rate started to strengthen a bit from the lowest point.

The guilder exchange rate is not supported by high inflation or poor (even worse than expected) second quarter GDP data. In addition, the number of people infected with the coronavirus is growing, already breaking a record, which could again project restrictive economic measures, although members of the government say that only entry restrictions are planned (whose economic impact only on tourism is negligible ), at least not yet.

A Portfolio.hu According to his analysis, there is a technical resistance point in the euro exchange rate of 359.4 forint, which the exchange rate almost broke, and even the psychological level of 360. If the exchange rate passed through this resistance zone At 359.4-360, the all-time low reached in the spring would hit the investor target crossover, which would be the next strong resistance level at 369.5-369.8.



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