Advertisement
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.
read more
Hungarian Forint Drops Against U.S. Dollar After Rate Cut
The Hungarian forint weakened against the U.S. dollar on Tuesday, as the National Bank of Hungary reduced the base rate by 100 basis points, as expected.
RTTNews
|
448 dias atrás
Bay Street Likely To Open On Cautious Note; Inflation Data In Focus
The Canadian market is likely to see a cautious start Tuesday morning with investors reacting to the nation's consumer price inflation data.
RTTNews
|
9 minutos atrás
U.S. Dollar Slides Amid U.S. Tariff Uncertainty
The U.S. dollar weakened against other major currencies in the European session on Tuesday, due to fiscal and economic concerns amid uncertainties about U.S. tariffs.
RTTNews
|
35 minutos atrás
FTSE 100 Moderately Higher As Investors Focus On Earnings
U.K. stocks are up in positive territory on Tuesday, extending gains to a fourth straight session. The focus largely on corporate earnings updates, and the developments on the trade front.
RTTNews
|
1 h 23 min atrás
Home Depot Q1 Profit Misses Market, But Sales Beat; Backs Outlook; Stock Up
Home Depot Inc. reported Tuesday weak first-quarter profit below market estimates, while sales grew from last year and beat the Street view with slightly higher comparable sales in the U.S. Further, the home improvement retailer maintained its fiscal 2025 guidance, expecting weak earnings, but higher sales and comparable sales. In the pre-market activity on the NYSE, Home Depot shares were gaining
RTTNews
|
1 h 43 min atrás
CAC 40 Modestly Higher
The French market is modestly higher in cautious trade on Tuesday with investors closely following the developments on the geopolitical front.
Tensions between Russia and Ukraine linger despite an announcement from U.S. President Donald Trump that the two nations would soon begin ceasefire negotiations.
RTTNews
|
1 h 55 min atrás
U.S. Dollar Falls Against Majors
The U.S. dollar weakened against other major currencies in the European session on Tuesday.
RTTNews
|
2 h 0 min atrás
Sensex, Nifty Tumble As Investor Seek Tariff Clarity
Indian shares fell sharply on Tuesday as investors watched the latest developments in the ongoing India-U.S. trade discussions.
RTTNews
|
2 h 2 min atrás
