The Hungarian forint that dropped to 199.50 against the U.S. dollar in early European session on Monday has reversed its direction soon thereafter. The pair is presently worth 198.23, compared to Friday's close of 197.21. In economic news, Hungarian central bank left its key policy rate unchanged at 6% as expected today.

In January, the central bank raised the key rate by 25 basis points to its current level. The central bank resumed the rate hike in November after holding it steady for six meetings.

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