The Hungarian forint that closed yesterday's North American session at 216.01 versus the US dollar, edged down further and touched a fresh 2 1/2 -month low of 219.46 by about 5:05 am ET Tuesday. Thereafter, the pair reversed its direction and currently trading near 216.75.

On the economic front, Hungary's producer price index, or PPI, rose 7.1% year-on-year in October, slower than a 7.9% growth in the previous month, a report by the Central Statistical Office showed today. Economists had expected an increase of 7%.

Month-on-month, the PPI decreased 0.8% in October, following a 0.9% fall in September. Producer prices for manufacturing industry slipped 0.9%.

The Hungary's central bank unexpectedly hiked its benchmark interest rate by 25 basis points to 5.5%, yesterday.

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