Forint Looks Vulnerable as Hungary Risks Surge After 2025 Rally
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Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the worldAmericas+1 212 318 2000EMEA+44 20 7330 7500Asia Pacific+65 6212 1000The standout developing-nation currency in the year of emerging markets — Hungary’s forint — is looking increasingly vulnerable as 2026 nears.While the market is heavily positioned for a political shakeup and hawkish interest-rate policy has underpinned the forint’s strength, both factors appear increasingly at risk. The Hungarian currency has cooled in December but is still 21% stronger against the dollar and up 7% versus the euro this year, the best showing among its EM peers following the ruble.