Dollar falls broadly; forint jumps 1.9%, franc rises

The broad dollar slide with outsized moves in the forint and franc signals differentiated market stress or positioning shifts rather than a uniform risk-on day, especially as the lira and real lag. For currency traders, the divergence between Central European strength and select EM weakness suggests local factors are driving flows. The key question is whether this reflects a durable repricing of dollar expectations or a temporary squeeze, with the franc's rise hinting at some safe-haven demand beneath the surface.