Missile attack against Poland sent the Hungarian forint plummeting again
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The Hungarian national currency has been strengthening in the last few weeks thanks to some good news from Brussels regarding a possible EU-Hungary agreement and drastic measures implemented by the National Bank of Hungary. However, it seems the rockets that hit Poland yesterday evening did not only devastate lives or the sense of safety of the locals but also currencies.
The Hungarian forint started yesterday strong due to the weakening of the USD. The trend broke in the afternoon when news came about explosions in Poland, killing two and caused by probably a Russian missile. Experts agree that it is unlikely that Moscow would launch an attack against NATO with a single rocket. However, NATO member states highlighted the issue had to be carefully investigated, portfolio.hu wrote.
The Kremlin denied its involvement in what happened and blamed Ukraine for the missile attack.
well, please be objective. The Forint weakened during the day as well which confirms perception of weakness towards Hungarian state economy. The evening event is another layer that determines decrease.