forint falls to two-year low amid central bank leadership uncertainty

The Hungarian forint has dropped to its lowest level in two years, trading at around 413.2 per euro, representing a 0.7% decrease. This decline is occurring amidst concerns from investors about the upcoming decision by Prime Minister Viktor Orban regarding the selection of the next central bank governor.

The forint's performance is diverging from other central European currencies, such as the Polish zloty and Czech koruna, which have shown little movement. The uncertainty surrounding the leadership of the central bank is contributing to the forint's volatility, reflecting broader anxieties in the financial markets.

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