E
E

EURPLN

News

Forint recoups some losses, markets eye U.S. jobs data

By Anita Komuves BUDAPEST, Dec 2 (Reuters) - The Hungarian forint and the Polish zloty gained on Friday as the U.S. dollar weakened and investors awaited key jobs data from the world's biggest economy due later in the day. U.S. Federal Reserve Chairman Jerome Powell said on Wednesday that it was time to slow rate hikes. The dollar was trading near 16-week lows against a basket of major currencies on Friday ahead of the data release.
E
E

Currencies inch higher ahead of U.S. jobs data, S.Africa rand steadies

* S.Africa ANC chair denies Ramaphosa considering resigning * MSCI EMFX index set to end week higher * Dollar edges lower ahead of U.S. jobs data By Shreyashi Sanyal Dec 2 (Reuters) - Emerging market currencies edged higher on Friday against a shaky dollar as investors await U.S. jobs data, while South Africa's rand steadied after the country's ruling party denied President Cyril Ramaphosa was considering resigning.
E
E
U
U

Hungarian forint weakens as markets weigh EU funds decision

By Anita Komuves BUDAPEST, Dec 1 (Reuters) - Hungary's forint extended losses on Thursday from the previous session when the European Commission approved Hungary's pandemic recovery plan, but moved to freeze funds until Budapest fulfils all agreed conditions. The EU executive also asked European Union governments to freeze 7.5 billion euros that Hungary, in a long-drawn rule-of-law dispute with Brussels on issues including independence of the judiciary, corruption and media freedom, would normal
E
E

FX hits highest level since August on bets of Fed, China's COVID policy pivots

* Dollar tumbles as Powell says Fed to go slow * S.African rand down after panel findings against president * China's factory activity shrinks amid COVID curbs - Caixin PMI * Polish manufacturing slump drags on -PMI * Turkish factory activity contracts for 9th straight month - PMI By Bansari Mayur Kamdar Dec 1 (Reuters) - Currencies in emerging markets hit their highest level since late August on Thursday tracking global markets and weakness in the dollar after U.S.
E
E
U
U

Hungary's forint, bond yields find support after EU funds announcement

(Updates with announcement on EU funds, market reaction, trader comment) By Anita Komuves and Alan Charlish BUDAPEST/WARSAW, Nov 30 (Reuters) - The Hungarian forint steadied on Wednesday after the European Commission approved Hungary's post-pandemic recovery plan but said that it will hold back any payouts until Budapest fulfils all agreed conditions.
E
E

Conditions

Popular Assets

Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.

All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.

Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.

We are using cookies to give you the best experience on our website. Read more or change your cookie settings.

Risk Warning: Your capital is at risk. Leveraged products may not be suitable for everyone. Please consider our Risk Disclosure.