Orbán draws US support ahead of Hungary’s election

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• 00:21

  Good morning from The Financial Times.

• 00:23

  Today is Tuesday, February 17th, and this is your FT News Briefing.

• 00:28

  U.S.

• 00:29

  Secretary of State Marco Rubio heaps praise on Hungary's Prime Minister.

• 00:34

  Oil investors want companies to get more ambitious with their growth plans,

• 00:39

  plus the vibe shift among the world's top business schools.

• 00:43

  I'm Josh Gabberdweil and here's the news you need to start your day.

• 00:55

  The U.S.

• 00:56

  dollar is taking a bruising.

• 00:58

  Fund managers are betting against the value of the currency more strongly now than at any point in more than 10 years.

• 01:05

  Unpredictable US policymaking has been taking a toll.

• 01:09

  A Bank of America survey published late last week showed funds positioning on the dollar was at its most negative

• 01:15

  since at least 2012.

• 01:17

  While some asset managers are selling off to reduce their exposure to the dollar,

• 01:22

  others are betting that the dollar will fall even further.

• 01:25

  The greenback is down 1.3% this year against a basket of currencies and declined 9% in 2025.

• 01:33

  It's now close to a four-year low.

• 01:35

  Washington has historically pursued a strong dollar policy,

• 01:39

  but some within the Trump administration have speculated that a weaker dollar could help support U.S.

• 01:45

  manufacturing.

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