Hungarian forint on a slope, no telling when it reaches bottom
The Hungarian forint continues to slide down the slope. On Thursday morning, one euro cost more than HUF 390.
The Hungarian forint continues to weaken
24.hu reports that the Hungarian currency was above HUF 391/EUR on Thursday morning. The weakening is linked to unfavourable international investor sentiment.
European stock markets fell further on Thursday. Meanwhile, the US dollar strengthened. “The US announcement on visa restrictions played a major role in the weakening above the current level of 390. Investors typically react to such announcements, which show frictions between countries, by closing their positions and selling their forint assets, which results in a weakening of the currency,” Dániel Molnár told index.hu.
The HUF was last at a similar level on 21 March.
Anything that is imported will now go up in price and that will push up inflation. The Fidesz government will continue to drag Hungarians into poverty and misery.
Is this Government not in CRISIS mode ?
The paralysis of there position, that factually see’s them governing us Hungary – Government, led by Prime Minister – Victor Orban under duress, in a strangulated cornered worsening place.
Hungary – the fragility as a country that is the position we are in, that the down forces, appear building, that will PULPERIZE us, to lower levels, placing greater deeper mounting pressures on us in growing millions – our lives, our future, the future of our children and grand-children, that will be HORRENDOUS and ugly.
What plans do we as citizens have to curtail, slow down this EXPIRATION position we are in ?
No, no… FIDEZ and the boss are sure to keep the Hungarians happy. Hungary = Happy and on 20 August there will be a big fireworks in Budapest because everyone is happy.
Even the flies are happy in Hungary Smiling flies with little red,green,white flags.
In fact the flies are so happy they have been given passports and vote in elections.
Happy Hungarian christian heterosexual flies, with flags and passports.
No gay or lesbian flies in Hungary.
No immigrant flies.
Only good happy Christian Hungarian flies.