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CCY - CCY Delayed Price. Currency in HUF
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359.5900+0.8000 (+0.22%)
At close: 10:28PM BST
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Previous close358.7900
Day's range358.1900 - 360.0700
52-week range344.8070 - 369.0600

    Dollar Weakens as Fed Officials Point to Lower for Longer

    EUR/USD traded 0.3% higher at 1.2183, climbing to its highest level since Feb. 26, USD/JPY was 0.1% lower at 109.08, after data showed Japan's economy contracted more than expected due to coronavirus infection, while the risk-sensitive AUD/USD rose 0.5% to 0.7802. The dollar had pushed higher last week after consumer prices jumped sharply, suggesting the Federal Reserve would feel the pressure to rein in its accommodative policies sooner than it had guided. This boosted the growing conviction that the central bank will tolerate what it sees as a temporary acceleration in inflation for some time, to the detriment of the greenback.