{"id":84285,"date":"2019-12-30T06:09:36","date_gmt":"2019-12-30T11:09:36","guid":{"rendered":"https:\/\/currencylive.com\/?p=84285"},"modified":"2019-12-30T12:32:21","modified_gmt":"2019-12-30T17:32:21","slug":"101910-usd-huf-forint-boosted-as-us-dollar-dramatically-falls","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/101910-usd-huf-forint-boosted-as-us-dollar-dramatically-falls\/","title":{"rendered":"USD\/HUF: Forint Boosted as US Dollar Dramatically Falls"},"content":{"rendered":"<p><a href=\"https:\/\/currencylive.com\/currency\/huf\/\">The Hungarian Forint<\/a> got a boost on Friday taking advantage of a weaker <a href=\"https:\/\/currencylive.com\/currency\/usd\/\">US dollar<\/a> which sold off by week\u2019s end. On the interbank market, during the previous trading week, the HUF appreciated by 0.84% against the greenback and settled at an exchange rate of 295.71 and was seen quoted within a trading range of 296.49 and 294.74.<\/p>\n<p>Meanwhile, in the foreign exchange market, currency traders face an anxious wait as there are risks of another flash crash reminiscent of the one experienced in January 2019. The low liquidity that has engulfed the financial markets over the holiday season is prone to generate wild swing in the currency exchange rates.<\/p>\n<p>Hungary\u2019s central bank kept interest rates on hold at 0.9% at its latest monetary policy meeting. The central bank maintained a dovish stance, but at the same time it raised its GDP forecast for 2020 from 4.5% to 4.9%, and its inflation forecast to 3.5% from 3.4%.<\/p>\n<p>Elsewhere in the EU, the European Central Bank under the lead of the new President Christine Lagarde may now look eager to put an end to its negative interest rate policy. The ECB has lowered the benchmark interest rate to negative 0.5% right before Draghi\u2019s departure.<\/p>\n<p>\u201cIf governments want to see a faster exit from unconventional policies, it is in their interests to align with monetary policy,\u201d said Deutsche Bank AG President Karl von Rohr.<\/p>\n<p>Oil prices edged higher, building on the 4<sup>rd<\/sup> consecutive week of gains which benefits the petroleum-exporting country. WTI crude oil prices settled at the end of Friday at $61.63 per gallon, registering 1.20% gains.<\/p>\n<p>The spread between 10-year US and 10-year Hungarian bond yields were at 6.2% (6.2 basis points) according to over-the-counter interbank yield quotes for this government bond maturity on December 26<sup>th<\/sup>.<\/p>\n<p>The US Dollar Index was down -0.19% to 96.82 in early London trade on Monday. In terms of economic calendar, the United States and Hungary are not scheduled to release any relevant reports today.<\/p>\n<p>USD\/HUF continued to consolidate on Monday early trading hours, being down 0.13% to 295.32 in early London hours.<\/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>The Hungarian Forint got a boost on Friday taking advantage of a weaker US dollar which sold off by week\u2019s end. On the interbank market, during the previous trading week, the HUF appreciated by 0.84% against the greenback and settled at an exchange rate of 295.71 and was seen quoted within a trading range of [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":84288,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1922,1381],"tags":[1893,1814,1852,1751,2020,1927,2005,1614,1398],"class_list":{"0":"post-84285","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-huf","8":"category-usd","9":"tag-currency-exchange","10":"tag-dollar-index","11":"tag-economy","12":"tag-european-central-bank","13":"tag-government","14":"tag-huf","15":"tag-interbank","16":"tag-interest-rate","17":"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: Forint Boosted as US Dollar Dramatically Falls - 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