Focus on Hungary

After the high-speed sweeps of the last race at Silverstone, this weekends Formula One race is a very different challenge on the tight confines of the Hungaroring.
Described as Monaco without the walls by 2014 victor Daniel Ricciardo, the track does not place a great emphasis on engine power, meaning the field should be closely bunched than in recent races. Ricciardo capitalised on the timing of a safety car to take his second win of the season in Hungary last year.

We are focusing on the Hungarian currency this week, the Forint. The fall in interest rates in Hungary from 1.65% to 1.5% in June is playing against the Hungarian currency.
In the medium term, the USD-HUF pair will probably again test its high for the year near the level of 292.

In the US, Head of the Federal Reserve, Janet Yellen confirmed the US regulator's intention to raise the key interest rate this year. The decision to tighten the interest rate policy will depend primarily on the health of the US economy, which the Federal Reserve expects will improve in the second half of 2015. A number of Federal Reserve representatives believe that external risk factors Greece's debt problem and the collapse of the Chinese stock market will have a limited effect on the United States and will not impede the tightening of interest rate policy in the US.

EXNESS will be supporting the IRBR team tomorrow and wish them every success for the race.