Hungarian Forint Drops Against U.S. Dollar After Rate Cut
27 Fevereiro 2024 - 6:06AM
RTTF2
The Hungarian forint weakened against the U.S. dollar on
Tuesday, as the National Bank of Hungary reduced the base rate by
100 basis points, as expected.
The base rate was reduced to 9 percent from 10 percent.
The Hungarian forint was trading at 360.03 against the
greenback, down from an early 5-day high of 357.87. The currency is
seen finding support around the 375.00 level.
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