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The forint was at 365.15 against the euro on Tuesday morning, which was 0.2% higher than on Monday night, meaning the Hungarian currency started to weaken unusually early in the morning. In recent weeks, the bar has hit the forint again, thanks to which we are walking close to the all-time low seen in the spring today. The main question for the next period may be whether the forint can still escape the 370 level, which would mean an unprecedented euro exchange rate. In this sense, the decision on interest rates of the Monetary Council of the MNB this afternoon may be of key importance and the markets can pay special attention to the messages of the central bank. We are now at 310.11 against the dollar, while the British pound is currently at 401.78 guilders.
Among the forint’s competitors in the region, the Polish zloty and the Czech koruna have also weakened recently, and international market sentiment has also spoken out against Central European currencies. On Tuesday, the zloty began to weaken slightly and the krone to appreciate 0.2 percent against the euro. Meanwhile, in emerging markets, the Turkish lira weakened 0.25% against the dollar this morning, while the South African rand also lost 0.2%.
Through the international atmosphere, the euro-dollar exchange rate can also greatly influence the exchange rate of even regional currencies. In recent days, the currency pair has been waiting for a wait, this morning the price was around 1,177. The Japanese yen weakened slightly against the dollar, while the British pound was able to strengthen slightly.
Cover image: Getty Images
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