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Putin burst the forint bubble & More Latest News Here




On Wednesday afternoon, the HUF began to weaken rapidly. The exchange rate of the euro suddenly jumped above 405 forints, and that of the dollar 409 forints, even though the exchange rate of both currencies was below 400 forints on Tuesday.

On the news of Russia’s partial mobilization, the dollar began to strengthen again, and with this the quotation came under the support of 0.9952. The current technical picture is thus already pointing down. Of course, the Fed’s interest rate decision-making meeting in the evening can still significantly change the picture, so the messages from the American central bank and the market reactions to them will be particularly exciting.

Due to the escalation of the war and the repeated increase in the price of natural gas on the world market, the forint began to weaken again, we are already above the 50 and 30 day moving averages. If today’s trading ends above 401.20, a further increase towards the levels of 408-410 is expected – Equilor Befektetési Zrt announced.


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The Article Is In Hungarian🡽