Good morning from the Financial Times. Today is Tuesday, February 17th, and this is your FD News briefing.

U.S. Secretary of State Marco Rubio heaps praise on Hungary's prime minister. Oil investors want

companies to get more ambitious with their growth plans, plus the vibe shift among the world's top business schools.

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

The U.S. dollar is taking a bruising. Fund managers are betting against the value of the currency

more strongly now than at any point in more than 10 years. Unpredictable U.S. policymaking

has been taking a toll. A Bank of America survey published late last week showed funds positioning

on the dollar was at its

most negative since at least 2012. While some asset managers are selling off to reduce their

exposure to the dollar, others are betting that the dollar will fall even further. The greenback

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

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

Washington has historically pursued a strong dollar policy,

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

The U.S. Secretary of State has said that the leadership of Hungarian Prime Minister Viktor Orbán is essential to U.S. interests just two months before Hungary holds critical

parliamentary elections.

At a meeting in Budapest, Marco Rubio held a golden era of U.S. Hungarian relations

and said the U.S. government was deeply committed to the success of Orban.

Hungary's leader is pro-Russia, anti-Ukraine, and an avowed skeptic of the European Union. What was behind Rubio's

visit? And will it affect the outcome of the upcoming election? Here to tell us more is Martin

Junai. Thanks for joining me, Martin. Good to be here. Just to start off, Marco Rubio comes,

pays this visit to Victor Orban. What did they discuss? Well, the two discussed a lot of things, including cooperation and energy and obviously the war in Ukraine.

...