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Hungarian Forint May Go Down if IMF Reject Loan

July 15, 2010 at 13:49 by Vladimir Vyun

Hungarian ForintThe Hungarian forint fluctuated today against the U.S. dollar and may drop lower on the speculation that the discussion between the nation’s government and the International Monetary Fund about the terms of the bailout loan might fail.

The investors look for the approval of the nation’s economic program by the IMF after the government compared Hungary’s situation with Greece’s one. The speculation says that the IMF urges Hungary to lower the inflation below the 3 percent level.

USD/HUF traded at about 218.00 as of 11:50 GMT today after it opened at 218.20.

If you have any questions, comments, or opinions regarding the Hungarian Forint, feel free to post them using the commentary form below.

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