{"id":85254,"date":"2020-01-20T06:03:48","date_gmt":"2020-01-20T11:03:48","guid":{"rendered":"https:\/\/currencylive.com\/?p=85254"},"modified":"2020-01-20T06:03:48","modified_gmt":"2020-01-20T11:03:48","slug":"102111-usd-huf-forint-makes-new-2019-low-on-mlk-holiday","status":"publish","type":"post","link":"https:\/\/currencylive.com\/news\/102111-usd-huf-forint-makes-new-2019-low-on-mlk-holiday\/","title":{"rendered":"USD\/HUF: Forint makes new 2019 low on MLK holiday"},"content":{"rendered":"<p><strong>\u00a0<\/strong><a href=\"http:\/\/currencylive.com\/currency\/usd\">The US dollar<\/a> is higher against <a href=\"http:\/\/currencylive.com\/currency\/huf\">the Hungarian forint<\/a> on Monday morning, adding to two daily gains last week that saw the exchange rate close above 300. US stock and bond markets are closed for Martin Luther King Jr. Day so <strong>Forex market<\/strong> volumes are likely to lower than usual.<\/p>\n<p>USD\/HUF was higher by 66 pips (+0.22%) to 303.57 as of 10am GMT, with the currency pair making a fresh high for 2019, meaning a new 2019 low for the forint.<\/p>\n<p><a href=\"http:\/\/currencylive.com\/currency\/huf\/\"><strong>The forint<\/strong><\/a><\/p>\n<p>Last week, after a 3-day winning streak, fortunes swiftly changed for the forint and two days of losses carried the currency back to its lowest levels since December. Better economic data in the US trumped well-received data and commentary out of Hungary. The forint had started last week on the front foot following <a href=\"http:\/\/currencylive.com\/topic\/inflation\">inflation data<\/a> for December that topped expectations and commentary from its central bank that it expected surplus liquidity levels in the economy to come down.<\/p>\n<p>Consensus forecasts compiled by Reuters suggest Central and Eastern European (CEE) currencies could turn lower this year as economies in the region slow. That could mean the forint is headed for fresh record lows and the <strong>Czech crown<\/strong> might reverse a strong run at the start of 2020. The future performance of the currency may rest on the introduction of fiscal stimulus in Hungary. Prime Minister Viktor Orban has already flagged a new stimulus package could be introduced as soon as this month.<\/p>\n<p><a href=\"http:\/\/currencylive.com\/currency\/usd\"><strong>The US dollar<\/strong><\/a><\/p>\n<p>The dollar\u2019s performance in 2020 has been patchy, but one area of outperformance has been against the forint. With market liquidity expected to be sparse on the MLK holiday and no US economic data being released, trading volumes in the dollar should be well beneath normal daily levels.<\/p>\n<p>The dollar benefited against the forint last week from some well-received economic reports in the United States. Manufacturing survey data from the East Coast gave indications last year\u2019s industrial contraction could be coming to an end. US retail sales for December, including key holiday sales were reported as higher than expected and CPI again exceeded the Federal Reserve\u2019s target of 2% <a href=\"http:\/\/currencylive.com\/topic\/inflation\">inflation<\/a>.<\/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>\u00a0The US dollar is higher against the Hungarian forint on Monday morning, adding to two daily gains last week that saw the exchange rate close above 300. US stock and bond markets are closed for Martin Luther King Jr. Day so Forex market volumes are likely to lower than usual. USD\/HUF was higher by 66 [&hellip;]<\/p>\n","protected":false},"author":163946598,"featured_media":5617,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[1922,1381],"tags":[1629,2065,1927,1387,2131,1398,2132],"class_list":{"0":"post-85254","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-huf","8":"category-usd","9":"tag-economics","10":"tag-forex-market","11":"tag-huf","12":"tag-inflation","13":"tag-us-retail-sales","14":"tag-usd","15":"tag-viktor-orban"},"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 makes new 2019 low on MLK holiday - 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\/102111-usd-huf-forint-makes-new-2019-low-on-mlk-holiday\/\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Ileana Ionescu\" \/>\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\\\/102111-usd-huf-forint-makes-new-2019-low-on-mlk-holiday\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102111-usd-huf-forint-makes-new-2019-low-on-mlk-holiday\\\/\"},\"author\":{\"name\":\"Ileana Ionescu\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#\\\/schema\\\/person\\\/3d5cb0a6a22d357fc0b9ad562f35e75b\"},\"headline\":\"USD\\\/HUF: Forint makes new 2019 low on MLK holiday\",\"datePublished\":\"2020-01-20T11:03:48+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102111-usd-huf-forint-makes-new-2019-low-on-mlk-holiday\\\/\"},\"wordCount\":607,\"image\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102111-usd-huf-forint-makes-new-2019-low-on-mlk-holiday\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/currencylive.com\\\/news\\\/wp-content\\\/uploads\\\/2019\\\/08\\\/100649-gbp-usd-pound-low-on-fears.jpg\",\"keywords\":[\"economics\",\"forex market\",\"HUF\",\"Inflation\",\"us retail sales\",\"usd\",\"Viktor Orban\"],\"articleSection\":[\"HUF\",\"USD\"],\"inLanguage\":\"en-US\",\"copyrightYear\":\"2020\",\"copyrightHolder\":{\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/#organization\"}},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102111-usd-huf-forint-makes-new-2019-low-on-mlk-holiday\\\/\",\"url\":\"https:\\\/\\\/currencylive.com\\\/news\\\/102111-usd-huf-forint-makes-new-2019-low-on-mlk-holiday\\\/\",\"name\":\"USD\\\/HUF: Forint makes new 2019 low on MLK holiday - 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