Monday, January 14, 2013

Hungary Is Blaming Nouriel Roubini For The Drop In Its Currency The Forint

Hungarian business site Portfolio.HU explains that apparently it was a response to a call from Nouriel's company that the Hungarian Forint was a short: "Last Tuesday Nouriel Roubini, one of the world’s most influential financial analysts, made the following recommendation in his regular newsletter to his clients: "Until Hungary signs a new deal with the IMF we recommend short HUF." So, with this sentence he signalled for investors to bet on the forint’s weakening. - in businessinsider
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