{"id":82951,"date":"2019-12-02T04:38:50","date_gmt":"2019-12-02T09:38:50","guid":{"rendered":"https:\/\/currencylive.com\/?p=82951"},"modified":"2019-12-02T05:31:30","modified_gmt":"2019-12-02T10:31:30","slug":"101647-usd-huf-hungarian-forint-advances-vs-dollar","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101647-usd-huf-hungarian-forint-advances-vs-dollar\/","title":{"rendered":"USD\/HUF: Hungarian Forint Extends Friday\u2019s Wage Growth Inspired Gains vs Dollar"},"content":{"rendered":"<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82951&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<p>The US dollar Hungarian Forint exchange rate closed the previous week at approximately the same level that it had started the week. The pair was edging higher at the start of the new trading week. Looking across the month of November, the dollar rose 3.1% versus the Hungarian currency. November was a strong month across the board for the US dollar as it rallied versus all its major peers. Today the Hungarian Forint is advancing.<\/p>\n<p>The dollar had a strong November, following a third and final interest rate cut from the Fed at the end of October. Despite the ongoing US \u2014 Sino trade dispute and slowing global economy, the Fed insisted that no more monetary policy easing was required.<\/p>\n<p>Trade has remained in focus across the past month and is expected to hog the spotlight going forwards. Last week Trump signed the Hong Kong bill into law, angering Beijing. Over the weekend, China insisted that rolling back of the trade tariffs must be included in the phase one trade deal. These two points could dampen expectations of a trade deal being agreed soon. Trade headlines will continue to drive movement in the dollar.<\/p>\n<p>Data last week was broadly positive. US GDP for the third quarter was revised higher to 2.1%, up from 1.9%. There are plenty of data points for investors to digest this week. The most eagerly awaited be the Friday\u2019s jobs data. Today investors will focus on US ISM manufacturing numbers. Analysts are expected the contraction is the sector to have eased slightly. Upbeat data would support the Fed\u2019s theory that the US economy is holding up, pushing back expectations for a rate cut.<\/p>\n<h2>Hungarian Manufacturing Data Up Next<\/h2>\n<p>The Hungarian Forint rallied versus the US dollar on Friday following solid wage growth data. The Hungarian currency gained 0.5% against the greenback after official data showed that wage growth remained in double digit territory in September at 11.8%. The was up from August\u2019s reading of 11.5% and well ahead of analysts\u2019 expectations of 11.4% growth.<\/p>\n<p>In addition to strong wage growth, employment rose by 0.14% since the start of the year. Analysts expect the tight labour market and double-digit wages growth to remain for the rest of the year. Strong wage growth is considered an inflationary pressure which can lead to the central bank tightening monetary policy and hiking interest rates. As a result, strong wage growth boosts a currency.<\/p>\n<p>Today the Hungarian Forint could come under pressure as investors look towards Hungarian Manufacturing pmi data.<\/p>\n<table>\n<tbody>\n<tr>\n<td><a href=\"https:\/\/wise.com\/?utm_source=currencylive-com&utm_medium=affiliate&utm_content=news%2Fwp_json%2Fwp%2Fv2%2Fposts%2F82951&utm_campaign=news\" target=\"_blank\" rel=\"noopener noreferrer\"><img loading=\"lazy\" decoding=\"async\" class=\"alignnone size-full wp-image-65277\" style=\"padding-top: 5px;\" src=\"https:\/\/currencylive.com\/wp-content\/uploads\/2019\/11\/transferwise-inline-banner-money-transfer.jpg\" alt=\"\" width=\"670\" height=\"125\" \/><\/a><\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n<hr \/>\n<h6><em>Currencylive.com<\/em><em> is a news site only and not a currency trading platform.<\/em><\/h6>\n<h6><em>Currencylive.com is a site operated by TransferWise Inc. (&#8220;We&#8221;, &#8220;Us&#8221;), a Delaware Corporation. We do not guarantee that the website will operate in an uninterrupted or error-free manner or is free of viruses or other harmful components. The content on our site is provided for general information only and is not intended as an exhaustive treatment of its subject. We expressly disclaim any contractual or fiduciary relationship with you on the basis of the content of our site, any you may not rely thereon for any purpose. You should consult with qualified professionals or specialists before taking, or refraining from, any action on the basis of the content on our site. Although we make reasonable efforts to update the information on our site, we make no representations, warranties or guarantees, whether express or implied, that the content on our site is accurate, complete or up to date, and DISCLAIM ANY IMPLIED WARRANTIES OF MERCHANTABILITY OR FITNESS FOR A PARTICULAR PURPOSE. Some of the content posted on this site has been commissioned by Us, but is the work of independent contractors. These contractors are not employees, workers, agents or partners of TransferWise and they do not hold themselves out as one. The information and content posted by these independent contractors have not been verified or approved by Us. The views expressed by these independent contractors on currencylive.com do not represent our views.<\/em><\/h6>\n","protected":false},"excerpt":{"rendered":"<p>The US dollar Hungarian Forint exchange rate closed the previous week at approximately the same level that it had started the week. The pair was edging higher at the start of the new trading week. Looking across the month of November, the dollar rose 3.1% versus the Hungarian currency. November was a strong month across [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":5531,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1922,1381],"tags":[1786,1921,1387,1388,1457,1479,1431,1400,1397,1398],"class_list":{"0":"post-82951","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-huf","8":"category-usd","9":"tag-central-bank","10":"tag-hungarian-forint","11":"tag-inflation","12":"tag-jobs-data","13":"tag-manufacturing","14":"tag-trade-talks","15":"tag-trade-war","16":"tag-trump","17":"tag-us-dollar","18":"tag-usd"},"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.6 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>USD\/HUF: Hungarian Forint Extends Friday\u2019s Wage Growth Inspired Gains vs Dollar - Currency Live<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/currencylive.com\/news\/101647-usd-huf-hungarian-forint-advances-vs-dollar\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fiona Cincotta\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101647-usd-huf-hungarian-forint-advances-vs-dollar\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101647-usd-huf-hungarian-forint-advances-vs-dollar\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/HUF: Hungarian Forint Extends Friday\u2019s Wage Growth Inspired Gains vs Dollar\",\"datePublished\":\"2019-12-02T09:38:50+00:00\",\"dateModified\":\"2019-12-02T10:31:30+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101647-usd-huf-hungarian-forint-advances-vs-dollar\\\/\"},\"wordCount\":672,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101647-usd-huf-hungarian-forint-advances-vs-dollar\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100605-gbp-usd-dollar-dips-fed-rate-cut.jpg\",\"keywords\":[\"central bank\",\"Hungarian Forint\",\"Inflation\",\"Jobs Data\",\"manufacturing\",\"trade talks\",\"trade war\",\"trump\",\"us dollar\",\"usd\"],\"articleSection\":[\"HUF\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2019\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101647-usd-huf-hungarian-forint-advances-vs-dollar\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101647-usd-huf-hungarian-forint-advances-vs-dollar\\\/\",\"name\":\"USD\\\/HUF: Hungarian Forint Extends Friday\u2019s Wage Growth Inspired Gains vs Dollar - 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