Hungarian Forint Fails to Profit from Rally of Stocks

The Hungarian forint fell against the US dollar today even as nation’s stocks followed other Eastern European stocks in a rally.
The Hungarian blue chip stock index rallied to the new historic record. Yet the forint did not profit from that, perhaps because the Hungarian National Bank remains extremely dovish and may ease its monetary policy further. The strength of the US dollar was also hurting risky currencies.
USD/HUF gained 0.08% to 266.94 as of 13:53 GMT today.

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