Hungarian Forint Drops To Near 3-week Low Versus U.S. Dollar
February 23 2016 - 10:26PM
RTTF2
The Hungarian Forint lost ground against the U.S. dollar in
European deals on Wednesday, as the latter firmed across the board
and oil extended its overnight sell-off.
Comments from Saudi Arabia's oil minister, Ali bin Ibrahim
Al-Naimi, dashed hopes for a possible cut in output to curb the
global supply glut.
The Hungarian Forint dropped to near a 3-week low of 280.97
against the greenback, compared to 279.29 hit late New York
Tuesday. The Forint may locate support around the 282.00 zone.
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