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.

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