Political shift boosts forint and EU ties – MUFG

Political shift boosts forint and EU ties – MUFG

MUFG’s Senior Currency Analyst Lee Hardman reports that Hungary’s election ended Viktor Orban’s 16-year rule, with Peter Magyar’s Tisza party on course for a supermajority. Planned institutional and constitutional changes could restore EU norms and unlock over EUR20 billion in frozen EU funds. The forint has rallied over 2% versus Euro and US Dollar, reinforcing […]

EUR/JPY dips as US-Iran talks fail, energy surge lifts BoJ hike bets

EUR/JPY dips as US-Iran talks fail, energy surge lifts BoJ hike bets

EUR/JPY trades around 186.65 on Monday, down 0.08% at the time of writing, as risk aversion increases following the failure of talks between the United States (US) and Iran. The pressure on the cross mainly stems from weakness in the Euro (EUR), as heightened geopolitical tensions prompt investors to reduce exposure to risk-sensitive assets. Negotiations […]