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 […]

Safe-haven demand returns as US-Iran talks collapse

Safe-haven demand returns as US-Iran talks collapse

Here is what you need to know on Monday, April 13: Financial markets turn risk-averse at the beginning of the week after Iran and the United States (US) failed to make any progress in this weekend’s negotiations. The only data featured in the US economic calendar will be Existing Home Sales for March. US Dollar […]