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USDHUF United States Dollar vs Hungarian Forint

366.533
-1.59 (-0.43%)
Last Updated: 17:03:57
Delayed by 15 minutes
Name Symbol Market Type
United States Dollar vs Hungarian Forint FX:USDHUF Forex Exchange Rate
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  -1.59 -0.43% 366.533 366.435 366.631 369.36 365.586 368.095 0 17:03:57

Hungarian Forint Slides To 5-day Low Versus U.S. Dollar After Hungary Rate Cut

22/03/2016 9:41am

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US Dollar vs HUF (FX:USDHUF)
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The Hungarian Forint lost ground against the U.S. dollar in early New York deals on Tuesday, after Hungary's central bank slashed its key interest rate unexpectedly, as it expects inflation to remain subdued in the coming months.

The Monetary Council of the Magyar Nemzeti Bank cut the base rate by 15 basis points to 1.20 percent, effective March 23.

Economists had expected the bank to leave the rate unchanged.

The Hungarian Forint that closed yesterday's trading at 276.26 against the greenback dipped to a 5-day low of 278.90. The Forint may find support around the 280.00 zone.

1 Year US Dollar vs HUF Chart

1 Year US Dollar vs HUF Chart

1 Month US Dollar vs HUF Chart

1 Month US Dollar vs HUF Chart

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