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Hungarian Forint HUF
The Hungarian forint is the currency of Hungary. The modern forint was introduced in 1946, though currencies with this name were known since Medieval. The Hungarian government has a long term goal to replace the currency with the euro.
The Hungarian forint is looking to rebound against a plethora of currencies on Tuesday after the Central European country recorded disappointing economic data that showed how hard it was hit by the coronavirus pandemic. The drop in economic activity has forced foreign exchange traders to reevaluate their positions in the forint as analysts anticipate further contraction.
The Hungarian forint is strengthening on Tuesday as the central bank left interest rates unchanged and confirmed that it would not be ultra-aggressive in its quantitative easing efforts as its global counterparts. The institution’s decision left investors with the impression that Hungary’s economy could withstand the global fallout from the coronavirus pandemic.
The Hungarian forint fell today after Hungary’s central bank left all of its interest rates unchanged and promised to keep monetary policy accommodative for a long period of time.
The Hungarian forint fell against the US dollar today even as nation’s stocks followed other Eastern European stocks in a rally.
The Hungarian forint fell today after Hungary’s central bank preserved its extremely loose monetary policy and hinted that it can make the policy even more accommodative if it is required.
The Hungarian forint fell today after the monetary policy meeting of the Magyar Nemzeti Bank (Hungary’s central bank). While the bank decided to keep its central bank base rate unchanged, it reduced some other interest rates.
The Hungarian forint dropped against the US dollar today as investors were reluctant to bring money into the nation’s economy.
The Hungarian forint gained on the euro and was stable against the US dollar today as Hungary’s central bank signaled about an end to its monetary easing cycle.
The Hungarian forint traded lower today after yesterday’s surprise from the nation’s central bank.
The Hungarian forint rallied against the euro on speculations that Standard & Poor’s is going to upgrade the outlook for the nation’s credit rating (though it has basically lost its gains as of now). The currency also attempted to rally versus the US dollar but failed.
