With the intensification of the second wave of the coronavirus and the pricing of local closures spreading again in Europe, the international investor sentiment deteriorated significantly on Monday, which also dragged the Hungarian forint with it after the opening around 360 against the euro.
As portfolio.hu reports, already in the morning the forint fell to a new five-month low against the euro, losing even more value in the afternoon to jump over 363. The regional currencies have not been spared either, so this is not a Hungarian-specific phenomenon this time. In this situation, and after the highest annual inflation data in Europe, the National Bank of Hungary's interest rate decision on Tuesday afternoon and the messages associated with it will be extremely important, and may even trigger a significant forint movement, the financial website predicts
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