Hungarian Forint Trades At 1-week Low Against U.S. Dollar
06 February 2020 - 6:37PM
RTTF2
The Hungarian forint traded lower against the U.S. dollar in the
European session on Thursday, as the latter rose across the board
after Beijing's announcement to decrease tariffs on some goods
imported from the United States.
Earlier in the day, China said it would slash tariffs on $75
billion of U.S. imports in half as part of its efforts to implement
a recently signed trade deal.
The forint dropped to a 1-week low of 306.95 against the
greenback, from Wednesday's closing value of 306.27. The forint may
locate support around the 308.00 level.
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