Forex Trading Strategies: Hungarian Forint May Go Down if IMF Reject Loan

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Friday, July 16, 2010

Hungarian Forint May Go Down if IMF Reject Loan

The Hungarian forint fluctuated today against the U.S. dollar and may drop lower on the speculation that the discussion between the nation’s government and the International Monetary Fund about the terms of the bailout loan might fail.

The investors look for the approval of the nation’s economic program by the IMF after the government compared Hungary’s situation with Greece’s one. The speculation says that the IMF urges Hungary to lower the inflation below the 3 percent level.

USD/HUF traded at about 218.00 as of 11:50 GMT today after it opened at 218.20.

If you want to comment on the Hungarian forint’s recent action or have any questions regarding this currency, please, feel free to reply below.

Earlier News About the Hungarian Forint:

Hungarian Forint Gains on Pledge to Avoid Default (2010-06-09)Hungarian Forint Gains on Government's Budget Plans (2010-06-08)Hungarian Forint Falls on Upcoming Budget Crisis (2010-02-16)Hungarian Forint Down on Dubai Debt (2009-11-27)Hungarian Forint Up on Chinese Optimism (2009-10-15)
This entry was postedon Thursday, July 15th, 2010 at 1:49 pmand is filed under Hungarian Forint.You can follow any responses to this entry through the RSS 2.0 feed.You can skip to the end and leave a response. Pinging is currently not allowed.

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