The Hungarian forint edged down to an 18-day low of 235.85 against the US dollar at 1:55 am ET Monday. Thereafter, the forint attempted to reverse its direction but was down again shortly and is currently trading at 234.30 against the dollar. The next downside target level for the Hungarian currency is seen around 246. The dollar-forint pair closed Friday's New York deals at 229.68.

Hungary's jobless rate increased to 9.1% in the December to February period from 8.4% in the previous three-month period, a report by the country's Central Statistical Office showed today.

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