# The World Has Turned Around, and the Forint Was No Exception

> The Hungarian forint strengthened to near 363 per euro during the week after the US midterm results shifted expectations and markets saw a greater chance of an end to the Iran war. Brent fell from above $112 a barrel the previous week to below $95 on Wednesday, then closed Friday at $98.32, while a weaker dollar and lower global energy prices supported the forint.

- Date: 2026-11-08 · published 2026-11-08T15:08:41.850Z
- Category: macro · region Hungary · magnitude low
- Page: https://feedsoft.ai/events/87646-the-world-has-turned-around-and-the-forint-was-no-exception
- Commodities: [Crude Oil (Brent)](https://feedsoft.ai/c/BRENT.md), [US Dollar (Broad)](https://feedsoft.ai/c/DXY.md)

## Why it matters

Lower oil prices reduce costs for energy-import-dependent Hungary and can support the forint; the oil-price decline is bearish for Brent.

## Read by commodity

- DXY: bearish ▼
- BRENT: bearish ▼

## Similar past events

| Commodity | Date | Event | 5-day % | 20-day % |
| --- | --- | --- | --- | --- |
| BRENT | 2017-03-09 | [OPEC’s Misleading Narrative About World Oil Supply \| The Belfer Center for Science and International Affairs](https://feedsoft.ai/events/71898-opec-s-misleading-narrative-about-world-oil-supply-the-belfer-center-for.md) | -3.7% | +1.3% |
| BRENT | 2020-02-28 | [Palm oil heads for worst week in 11 years on demand destruction \| The Star](https://feedsoft.ai/events/5815-palm-oil-heads-for-worst-week-in-11-years-on-demand-destruction-the-star.md) | -3.0% | -52.3% |
| BRENT | 2022-09-08 | [The Commodities Feed: USD strength and demand worries \| articles \| ING THINK](https://feedsoft.ai/events/14903-the-commodities-feed-usd-strength-and-demand-worries-articles-ing-think.md) | +6.9% | +7.4% |
| BRENT | 2017-04-21 | [Why the crude rally has fizzled, continued: Market analysis series](https://feedsoft.ai/events/71649-why-the-crude-rally-has-fizzled-continued-market-analysis-series.md) | -2.6% | +0.6% |
| BRENT | 2017-05-06 | [Crude prices fall amid high inventories and concerns over China \| The National](https://feedsoft.ai/events/11195-crude-prices-fall-amid-high-inventories-and-concerns-over-china-the-national.md) | +3.5% | +1.9% |
| DXY | 2020-03-19 | [The Fed is extending its currency exchange program to more central banks around the world](https://feedsoft.ai/events/54307-the-fed-is-extending-its-currency-exchange-program-to-more-central-banks-around.md) | +0.5% | -0.9% |
| DXY | 2022-05-25 | [As U.S. economy’s exceptionalism fades, so does the dollar - The Globe and Mail](https://feedsoft.ai/events/41618-as-u-s-economy-s-exceptionalism-fades-so-does-the-dollar-the-globe-and-mail.md) | +0.1% | +1.8% |
| DXY | 2024-10-01 | [What a Fed rate cut could mean for the world](https://feedsoft.ai/events/28219-what-a-fed-rate-cut-could-mean-for-the-world.md) | +0.9% | +2.9% |

## Sources

- index.hu: https://index.hu/gazdasag/2026/11/08/forint-fordulat-dollar-euro-tozsde/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.