On Wednesday morning, the exchange rate was about 408 to the euro, which was almost identical to the exchange rate on Tuesday evening, which corresponds to twice the forint at just 0.1 percent. Yesterday, MNB also raised the benchmark interest rate by 200 basis points, but this was not surprising, because after a similar increase in the benchmark interest rate last week, the possibility of following the base rate and the rate corridor has already been announced. Tuesday suit. By increasing the interest rate corridor further, the central bank has created scope for further potential increases in the coming weeks as well. This may happen as soon as tomorrow, and an interest rate increase in the one-week deposit bid cannot be ruled out in view of the fact that the euro exchange rate is still fluctuating around 410. It is worth paying attention to the dollar, as the US currency barely strengthened against the euro yesterday, and investors continue to Attention to it. The forint is now approaching 406 to the dollar, while the British pound is at 483.9 fort.
Among the closest regional competitors, the Polish zloty and the Czech koruna started the day with minimal gains. In emerging markets, the Turkish lira and the Russian ruble also showed a moderate 0.2% weakness against the dollar.
On Tuesday, the EURUSD exchange rate came within a range of parity, but the exchange rate was officially never lower than 1. Now the quote is around 1.004, which means a psychological breakout can still happen at any time. Investors can now mainly pay attention to central bank messages, next week from the European Central Bank and then at the end of the month the Fed will hold an interest rate meeting. The Japanese yen slipped 0.2% against the dollar, while the British pound rose 0.3% in the morning.
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