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In the early morning and early morning hours, the DAX futures index continued to decline, although it fluctuated after the 9 o’clock open, with the latter only helping the forint avoid falling to another all-time low. against the euro. Quotes fell from 369 to 367.5 in a short period of time and then rose again to 368 on the morning of the last trading day of the month.
From the point of view of technical analysis, what are the prospects if the Hungarian currency falls below the historical low of the previous forint (369.5), we wrote yesterday:
Yesterday’s ECB interest rate signals and US data weakened the euro a bit more against the dollar, prices are now around 1.1670, and the dollar’s strength is not good for European currencies. Central and Eastern, although slightly below the forint. the zloty and the crown also strengthened, while the Turkish lira fell again. Dollar / forint quotes are now fluctuating around 315 on the interbank market, which has not been the case since mid-July.
Cover Image Source: Getty Images
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