The Hungarian forint climbed against the U.S. dollar in the European session on Monday, as Italy followed several other European countries in announcing a gradual easing of restrictions intended to curb the spread of the coronavirus.

Prime Minister Giuseppe Conte said that the measures would be relaxed from May 4 as coronavirus infections and death toll slowed.

The Hungarian forint advanced to a 5-day high of 325.95 versus the greenback, compared to last week's closing value of 329.15. Next likely resistance for the currency is located near the 285.00 level.

US Dollar vs HUF (FX:USDHUF)
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