Hungarian Forint Climbs To 4-day High Against U.S. Dollar
April 26 2016 - 5:31AM
RTTF2
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.
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