The Dollar Has Recovered, the Forint's Momentum Has Stalled
4 Articles
4 Articles
The dollar weakened on Wednesday after the Democrats' midterm election campaign, while the forint strengthened to a one-and-a-half-month high against the euro – in Hungary, the mood was also supported by better-than-expected 8.2 percent annual industrial growth. The wave of dollar selling stopped for the time being on Thursday, while the Bank of England's interest rate decision will be in focus today – the British base rate may rise for the firs…
After Thursday morning's strengthening, the forint lost its momentum in the morning, and around noon the euro rose to 363.1 forints and the dollar to 323.3 forints. The movement was primarily due to the strengthening of the dollar, after the US currency weakened significantly on Wednesday following the results of the mid-term elections.
The forint exchange rate was mixed on Thursday morning, but it remains stronger against major currencies than at the beginning of the week. The euro rose slightly, while the dollar fell, while the Hungarian currency has recorded exchange rate gains against all three major currencies since the beginning of the year.
The forint exchange rate was mixed, with little change compared to the previous evening's quotation of the major currencies in international foreign exchange trading on Thursday morning. The post The forint gained strength against the dollar in the morning, the euro moves differently was first published on Most Hír.
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