Image: Traders UnionWhy is the US dollar rising against the Hungarian forint today? Federal Reserve rate hike drives flat action
• The US dollar rose 0.52% against the Hungarian forint today, reaching a trading value of Ft317,755. • This increase follows a Federal Reserve interest rate hike and a rise in US Treasury yields. • Traders face a 62% probability of further upward movement, meaning the dollar may continue to strengthen against the forint.
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