{"id":84796,"date":"2020-01-10T04:04:06","date_gmt":"2020-01-10T09:04:06","guid":{"rendered":"https:\/\/currencylive.com\/?p=84796"},"modified":"2020-01-10T04:04:06","modified_gmt":"2020-01-10T09:04:06","slug":"102024-usd-huf-hungarian-forint-weakens-for-4th-straight-session","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102024-usd-huf-hungarian-forint-weakens-for-4th-straight-session\/","title":{"rendered":"USD\/HUF: Hungarian Forint Weakens For 4th Straight Session"},"content":{"rendered":"<p>The Hungarian forint weakened against the US dollar for a third straight session on Thursday. The Hungarian forint US dollar exchange rate closed 0.5% higher at 299.44. The pair is seen extending those gains in early trade on Friday.<\/p>\n<p>The US dollar traded with a positive bias on Thursday as geopolitical concerns in the Middle East eased. US economic data continued to be supportive of the greenback. Initial jobless claims rose at a better than forecast, weekly 214,000. The data adds to growing evidence that the US economy is holding up well.<\/p>\n<p>Today investors will be look towards the US Department of Labour\u2019s jobs report, the non-farm payroll report. Analysts are forecasting 164,000 new jobs were created in December. This is below November\u2019s stellar 226,000 jobs. The unemployment rate is forecast to hold steady at 3.5%. Hourly earnings are due to increase 0.3% following a 0.2% increase in November. Annual earnings are expected to remain stable at 3.1%.<\/p>\n<p>The non-farm payroll is the most watched monthly economic release by market participants. The ADP private payroll report is closely correlated to the NFP, although occasionally the two numbers diverge sharply. The ADP report for December was unexpectedly strong raising the probability of a strong December NFP.<\/p>\n<h3><strong>Hungarian GDP To Slow In 2020<\/strong><\/h3>\n<p>Demand for the Hungarian forint was weak for yet another session on Thursday as investors looked to the year ahead. Hungary is expected to see economic growth across 2019 in the region of 4.9%. Analysts are expecting Hungarian economic growth to slow sharply in 2020 which is weighing on the forint.<\/p>\n<p>A sharp slowdown in economic growth is expected because, according to analysts, firstly, the labour market has reached full employment. Secondly, investment activity is expected to fade and thirdly industry is facing a significant decline in orders, translating to lower export activity.<\/p>\n<p>Analysts are expecting inflation to remain elevated at 3.5% but the National Bank of Hungary are unlikely to tighten policy. The central bank didn\u2019t surprise in 2019 and they are not expected to in 2020. The NBH are expected to continue adopting a wait and see approach.<\/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 weakened against the US dollar for a third straight session on Thursday. The Hungarian forint US dollar exchange rate closed 0.5% higher at 299.44. The pair is seen extending those gains in early trade on Friday. The US dollar traded with a positive bias on Thursday as geopolitical concerns in the Middle [&hellip;]<\/p>\n","protected":false},"author":163946597,"featured_media":84198,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1922,1381],"tags":[1408,1394,1927,1921,1388,1493,1400,1397,1398],"class_list":{"0":"post-84796","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-huf","8":"category-usd","9":"tag-fed","10":"tag-gbp","11":"tag-huf","12":"tag-hungarian-forint","13":"tag-jobs-data","14":"tag-nfp","15":"tag-trump","16":"tag-us-dollar","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: Hungarian Forint Weakens For 4th Straight Session - 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\/102024-usd-huf-hungarian-forint-weakens-for-4th-straight-session\/\" \/>\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\\\/102024-usd-huf-hungarian-forint-weakens-for-4th-straight-session\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102024-usd-huf-hungarian-forint-weakens-for-4th-straight-session\\\/\"},\"author\":{\"name\":\"Fiona Cincotta\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/8ef0fafb6c93f1204150bb907b42cfec\"},\"headline\":\"USD\\\/HUF: Hungarian Forint Weakens For 4th Straight Session\",\"datePublished\":\"2020-01-10T09:04:06+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102024-usd-huf-hungarian-forint-weakens-for-4th-straight-session\\\/\"},\"wordCount\":593,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102024-usd-huf-hungarian-forint-weakens-for-4th-straight-session\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/12\\\/huf-hungarian-forint-exchange-rates-usd.jpg\",\"keywords\":[\"fed\",\"gbp\",\"HUF\",\"Hungarian Forint\",\"Jobs Data\",\"nfp\",\"trump\",\"us dollar\",\"usd\"],\"articleSection\":[\"HUF\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102024-usd-huf-hungarian-forint-weakens-for-4th-straight-session\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102024-usd-huf-hungarian-forint-weakens-for-4th-straight-session\\\/\",\"name\":\"USD\\\/HUF: Hungarian Forint Weakens For 4th Straight Session - 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