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CEE FX: Risk-off keeps pressure on forint – ING
ING’s Frantisek Taborsky notes that escalating US-Iran tensions are driving risk-off sentiment, overshadowing a light Central and Eastern Europe data calendar. The National Bank of Poland (NBP) may still consider cuts, while Turkey’s central bank is expected to hold at 37% and Hungary to trim rates to 5.75%. ING sees EUR/HUF peaking around current levels…
Denmark PM vows to defend Greenland after Trump renews threats
Birds fly over houses overshadowed by the mountain in Nuuk, Greenland, on March 10, 2026. Florent Vergnes | Afp | Getty Images Danish Prime Minister Mette Frederiksen on Wednesday delivered a rebuke to President Donald Trump‘s latest push for U.S. control of Greenland, saying the Scandinavian country is ready to defend “every inch” of its…
ECB reports on progress towards euro adoption
24 June 2026 Biennial report assesses progress towards euro adoption in Czech Republic, Hungary, Poland, Romania and Sweden Countries under review show economic resilience to external shocks but still face obstacles on road to euro adoption Mixed inflation trends, with fiscal situation deteriorating in most countries Legislation in all five countries not fully compatible with…
South Korean Won: BoK hike and semiconductor volatility – BNY
BNY’s Geoff Yu highlights a hawkish 25bp hike by the Bank of Korea (BoK) to 2.75%, with guidance that Gross Domestic Product (GDP) and core inflation will exceed earlier forecasts. Authorities are also tightening rules on single-stock leveraged ETF/ETN products to curb speculative leverage in memory chip names. Asian semiconductor stocks, including SK Hynix and…
The AI Bubble Is Built on a $1 Trillion Delusion
Just today, I cancelled my ChatGPT subscription — I don’t need it anymore. I’m not alone. It’s not as good as Claude. Paid subscriptions to ChatGPT have plateaued because there is so much more competition. Now you may think: does it matter if OpenAI fails to generate income of $300bn? If a company fails, does…
The Happiest Countries In The World
What does it mean to be a happy country? The World Happiness Report points the way to life satisfaction for citizens. Finland has taken the top spot in the UN World Happiness Report for the seventh straight year, and not because there is something in the icy waters of this nation of just 5.6 million…
