The US dollar continuously falters against the Hungarian forint

The safe-haven appeal of the US dollar continuously falters against the Hungarian forint. And the recent news of a recently agreed upon stimulus package for the eurozone regions has sealed the fate of the USDHUF trading pair. Prices are widely projected to turn out very bearish as the greenback struggles to gain footing against the Hungarian forint. Bears are hoping to force prices to ranges last seen back in early March. However, looking at the fundamentals, it appears that the buck still has a huge chance to make a solid comeback against the forint. Just recently, it was reported that most experts in the region believe that the Hungarian National Bank will probably unleash another rate cut that would be detrimental to the forint’s strength but useful for the economy’s recovery. Reports say that Hungary might continue to reverse its course following a change in the internal team that oversees the country’s monetary policy.