Hungarian Forint Slides To 5-day Low Versus U.S. Dollar After Hungary Rate Cut
22 Marzo 2016 - 10:41AM
RTTF2
The Hungarian Forint lost ground against the U.S. dollar in
early New York deals on Tuesday, after Hungary's central bank
slashed its key interest rate unexpectedly, as it expects inflation
to remain subdued in the coming months.
The Monetary Council of the Magyar Nemzeti Bank cut the base
rate by 15 basis points to 1.20 percent, effective March 23.
Economists had expected the bank to leave the rate
unchanged.
The Hungarian Forint that closed yesterday's trading at 276.26
against the greenback dipped to a 5-day low of 278.90. The Forint
may find support around the 280.00 zone.
Grafico Cross US Dollar vs HUF (FX:USDHUF)
Da Mag 2024 a Giu 2024
Grafico Cross US Dollar vs HUF (FX:USDHUF)
Da Giu 2023 a Giu 2024
