The Hungarian forint advanced against the U.S. dollar in early New York deals on Tuesday, as the latter fell across the board ahead of the Federal Reserve's monetary policy announcement due tomorrow.

In economic news, the Magyar Nemzeti Bank cut benchmark interest rate to 1.05 percent from 1.20 percent earlier. The move was in line with economists' expectations.

The forint that ended Monday's trading at 276.15 against the greenback advanced to a 4-day high of 275.12. The forint may find resistance around the 270.00 zone.

Grafico Cross US Dollar vs HUF (FX:USDHUF)

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Grafico Cross US Dollar vs HUF (FX:USDHUF)

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