The Hungarian forint fell today even though the nation’s central bank increased interest rates, prompting the speculation that more rate hikes will be performed in the future.
The Magyar Nemzeti Bank (the central bank of Hungary) boosted its
USD/HUF rose from 232.07 to 232.6800 today as of 12:48 GMT, while earlier it reached the daily high of 235.5700. EUR/HUF climbed from 309.3300 to 309.9250 and the intraday maximum was 312.8550.
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