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Hungarian Forint Rises Against U.S. Dollar After Hungary Rate Hike
(RTTNews) - The Hungarian forint advanced against the U.S. dollar in the European session on Tuesday, as Hungary's central bank lifted its benchmark rate at a sharper-than-expected pace.
The Monetary Council, led by Governor Gyorgy Matolcsy, hiked the base rate by 125 basis points to 13.00 percent from 11.25 percent.
The overnight deposit rate was increased by 125 basis points to 12.50 percent and both the overnight and one-week collateralised lending rates were raised by 125 basis points to 15.50 percent.
The Hungarian forint edged up to 419.72 against the greenback from Monday's close of 424.75. The Hungarian forint is seen finding resistance around the 404.00 level.
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Hungarian Forint Drops Against U.S. Dollar After Rate Cut
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Před 553 dny
Lower Open Called For Hong Kong Stock Market
The Hong Kong stock market on Wednesday ended the two-day winning streak in which it had picked up almost 620 points or 2.4 percent. The Hang Seng Index now sits just shy of the 25,500-point plateau and it's expected to open in the red again on Wednesday.
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China Shares May Take Further Damage On Wednesday
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Taiwan Bourse May Extend Losing Streak
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Před 1 h 18 min
Malaysia Shares May See Renewed Consolidation On Wednesday
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Před 1 h 43 min
Japan Stock Market May Hand Back Tuesday's Gains
The Japanese stock market on Tuesday ended the two-day losing streak in which it had dropped almost 650 points or 1.4 percent. The Nikkei 225 now sits just above the 42,310-point plateau although it may see renewed consolidation on Wednesday.
RTTNews
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Před 2 h 4 min
