Hungarian Forint At 4-day Low Versus U.S. Dollar After Hungary Rate Decision
20 September 2016 - 11:12AM
RTTF2
The Hungarian Forint slipped against the U.S. dollar in early
New York trading on Tuesday, after Hungary's central bank left its
key interest rate unchanged, as policymakers assessed that the
disinflationary impact on the economy is gradually easing.
The Monetary Council of the Magyar Nemzeti Bank held the base
rate steady at 0.90 percent, in line with economists'
expectations.
The bank had reduced the rate by 15 basis points in March, which
was the first reduction in eight months.
The Hungarian Forint fell to a 4-day low of 277.22 against the
greenback, off its early 5-day high of 275.25. The Hungarian Forint
may possibly locate support around the 278.00 mark.
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