Hungarian Forint Next In Line To Suffer Heavy Declines

Emerging market currencies continued to pull back Thursday, with the Hungarian forint one of the worst hit — and there are worries it could be the next to take a dive, like the Argentinian peso.

The forint bore the brunt of selling pressure on Thursday, falling further against the U.S. dollar to 227.55. It is now down 5.34 percent since the beginning of this year.

The forint has also fallen more than 4 percent against the euro and the swiss franc, the currencies of its major trading partners, this year.


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Mingze Wu

Mingze Wu

Currency Analyst at Market Pulse
Based in Singapore, Mingze Wu focuses on trading strategies and technical and fundamental analysis of major currency pairs. He has extensive trading experience across different asset classes and is well-versed in global market fundamentals. In addition to contributing articles to MarketPulseFX, Mingze

centers on forex and macro-economic trends impacting the Asia Pacific region.
Mingze Wu