The Hungarian forint is under increasing pressure on Monday – shedding around 0.25 per cent against the euro to Ft 296.50 after depreciating last week. As website Index playfully put it, “[Economy Minister] Matolcsy has nailed why the forint’s been weakening” – it’s all down to foreign speculators. Or rather, one speculator in particular: Nouriel Roubini (pictured on the chart). Read more
© The Financial Times Ltd 2015 FT and 'Financial Times' are trademarks of The Financial Times Ltd.