The Hungarian forint was largely uncertain versus the dollar Monday morning in New York. Choppy trading marked the entire morning, with the forint reaching a mark of 185.390 at 9:50 am ET. This is compared to a level of 186.08 at 8:40 am. Greenback traders considered data showing that factory orders rose less than forecast in April.
The Russian rouble advanced against the dollar during Monday morning action in New York. After the early morning was dominated by uncertain trading, the Russian currency began a steady gain just after 5 am ET. At 9:55 am ET, the rouble fetched 25.847 versus its American counterpart. This is compared to a level of 25.898 at 3:20 am. Traders considered a report showing that Russian inflation for the first half of the year was 5.2%, down one point from the same period last year. The Central Bank also announced that it would quote the US dollar at a mark of 25.8928 on Tuesday.
The Polish zloty was mostly choppy versus the dollar Monday morning in New York. The Polish currency more than offset early morning losses during the mid-morning, but soon slid back to its level from late Sunday. At 10:05 am ET, the zloty traded at a mark of 2.8191, off its intraday high of 2.8090 just after 8 am. Traders considered a report showing that Poland`s five-month budget deficit came in lower than earlier forecasts.
On Monday, Poland announced that its cumulative budget deficit for the year through May was lower than earlier forecasts. The cumulative five-month fiscal deficit came to between 14.5-15% of the annual target, below a previous estimate of 16-17%.
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