0829 GMT - The Hungarian forint could extend its gains on the country's election result if there are signs of a de-escalation in the Iran war in coming days, ING's Frantisek Taborsky says in a note. Hungary's opposition party Tisza secured a landslide victory in Sunday's election, ending Viktor Orban's 16-year rule. Markets expect this will allow for a smooth transfer of power and a faster path for unlocking EU funds, Taborksy says. However, the collapse of weekend U.S.-Iran talks "obscures the situation," weighing on risk sentiment. If the conflict calms, the euro could fall to 355-360 forints, he says. The euro drops 2.3% to a 365.30 forint after reaching a four-year low of 363.98 forint earlier, LSEG data show. (renae.dyer@wsj.com)
(END) Dow Jones Newswires
April 13, 2026 04:29 ET (08:29 GMT)
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