{"id":83776,"date":"2019-12-17T04:00:46","date_gmt":"2019-12-17T09:00:46","guid":{"rendered":"https:\/\/currencylive.com\/?p=83776"},"modified":"2019-12-17T03:15:54","modified_gmt":"2019-12-17T08:15:54","slug":"101793-usd-huf-hungarian-forint-slips-ahead-of-nbh-rate-announcement","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101793-usd-huf-hungarian-forint-slips-ahead-of-nbh-rate-announcement\/","title":{"rendered":"USD\/HUF: Hungarian Forint Slips Ahead Of NBH Rate Announcement"},"content":{"rendered":"<p>Improved risk sentiment sent the US dollar lower versus the Hungarian forint at the start of the new week. Th US dollar Hungarian forint exchange rate slipped to a low of 294.32 before closing the session at 295.21.\u00a0 The pair is advancing in early trade on Tuesday.<\/p>\n<p>Strong than forecast Chinese manufacturing and retail sales data helped calm concerns over a slowdown in the world\u2019s second largest economy. This, combined with a phase one trade deal agreement between the US and China, served to boost risk appetite, even though the deal is short on detail. With risk appetite running high, the US stock markets hit a fresh all time high and demand for the safe haven dollar declined.<\/p>\n<p>US private sector activity data had little impact on the US dollar. Manufacturing activity decreased to 52.2 in December, below analysts\u2019 expectations of 52.6. However, activity in the dominant service sector expanded by more than expected, showing resilience in the sector.<\/p>\n<p>Today investors will continue to assess the health of the US economy today with the release of manufacturing and industrial production in addition to house starts and building permits. Analysts are expecting to see a rebound manufacturing and industrial production after months of sluggishness. Strong figures could help lift the dollar.<\/p>\n<h3><strong>NBH To Keep Rates On Hold?<\/strong><\/h3>\n<p>Today the National Bank of Hungary (NBH) will give its monetary policy announcement. Hungary\u2019s central bank is broadly expected to keep monetary policy unchanged. Analysts predict that the base rate will remain at 0.9%, whilst the overnight deposit rate will be kept at -0.05%. Market participants do not foresee any change in the base interest rate until the end of 2021 when the rate could increase to 0.95%. The overnight deposit rate is forecast to increase by 15 basis points 0.1% by the end of next year.<\/p>\n<p>The central bank will also unveil key economic forecasts in its closely watched quarterly inflation report. Headline inflation increased 3.4% in November, whilst core inflation which strips out more volatile items remained steady at the top end of the central bank\u2019s 2%-4% target. Recent developments still favour the banks \u201cwait and see\u201d approach. As a result, the forint\u2019s reaction could be limited.<\/p>\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>Improved risk sentiment sent the US dollar lower versus the Hungarian forint at the start of the new week. Th US dollar Hungarian forint exchange rate slipped to a low of 294.32 before closing the session at 295.21.\u00a0 The pair is advancing in early trade on Tuesday. Strong than forecast Chinese manufacturing and retail sales [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":4011,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1922,1381],"tags":[1928,1870,1690,1973,1921,1998,1479,1400,1397,1398],"class_list":{"0":"post-83776","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-huf","8":"category-usd","9":"tag-dollar-vs-hungarian-forint","10":"tag-exchange-rates","11":"tag-forex","12":"tag-forint","13":"tag-hungarian-forint","14":"tag-nbh","15":"tag-trade-talks","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 Slips Ahead Of NBH Rate Announcement - 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\/101793-usd-huf-hungarian-forint-slips-ahead-of-nbh-rate-announcement\/\" \/>\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\\\/101793-usd-huf-hungarian-forint-slips-ahead-of-nbh-rate-announcement\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101793-usd-huf-hungarian-forint-slips-ahead-of-nbh-rate-announcement\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/HUF: Hungarian Forint Slips Ahead Of NBH Rate Announcement\",\"datePublished\":\"2019-12-17T09:00:46+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101793-usd-huf-hungarian-forint-slips-ahead-of-nbh-rate-announcement\\\/\"},\"wordCount\":615,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101793-usd-huf-hungarian-forint-slips-ahead-of-nbh-rate-announcement\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100193-gbp-eur-central-banks.jpg\",\"keywords\":[\"dollar vs Hungarian forint\",\"exchange rates\",\"forex\",\"forint\",\"Hungarian Forint\",\"nbh\",\"trade talks\",\"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\\\/101793-usd-huf-hungarian-forint-slips-ahead-of-nbh-rate-announcement\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/101793-usd-huf-hungarian-forint-slips-ahead-of-nbh-rate-announcement\\\/\",\"name\":\"USD\\\/HUF: Hungarian Forint Slips Ahead Of NBH Rate Announcement - 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