The Hungarian forint edged lower against the greenback Friday morning in New York. The Hungarian currency was uncertain during the early morning before sliding just after 3 am ET. At 6:10 am, the forint reached an intraday low of 191.95 before rebounding a bit from those losses. At 10:45 am, the Hungarian currency fetched a mark of 190.05. Traders mulled data showing that Hungarian first quarter economic growth was revised downward.
The Russian rouble fell versus the dollar Friday morning in New York. The Russian currency slid through much of the morning to reach an intraday low of 26.0100 at 10 am ET. The rouble advanced slightly from those losses, fetching a mark of 25.9800 at 10:50 am. This is compared to a level of 25.9080 at 1:20 am. Traders considered a statement by the International Monetary Fund`s Deputy Managing Director John Lipsky. In the statement, Lipsky said that the rouble may become one of the fund`s operating currencies in the future.
The Polish zloty slid against the buck Friday morning in New York. The Polish currency retreated through the early and mid morning, falling to an intraday low of 2.8947 at 6:10 am ET. The zloty rebounded a bit from those losses to trade at a mark of 2.8656 at 11 am. This is compared to an intraday high of 2.8539 at 1:40 am. There was no major economic data from Poland on Friday.
Hungarian first quarter economic growth was revised down to 2.7% from an earlier estimate of 2.9%, the statistical office said Friday. After adjusting for calendar effects, the economy grew 2.8%, revised lower from 3.0%. The first quarter growth was led by 9.1% increase in gross value added in industry. Exports jumped 17.6%, while household consumption slid 0.8%.
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