Hungarian Forint Slides Versus U.S. Dollar After Hungary Rate Decision
21 Junio 2016 - 4:12AM
RTTF2
The Hungarian Forint lost ground against the U.S. dollar in
European trading on Tuesday, after Hungary's central bank kept its
key interest rate unchanged after lowering it for third straight
months.
The Monetary Council of the Magyar Nemzeti Bank maintained the
base rate at 0.90 percent, in line with expectations.
The bank had reduced rate by 15 basis points each in March,
April and May.
The Hungarian Forint weakened to 278.67 against the greenback,
compared to yesterday's closing value of 276.37. The next possible
support for the Hungarian Forint is seen around the 280.00
zone.
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