Free Trial

CEE FX: Weak JOLTS Job Openings Fails to Bolster Topside Momentum in HUF, PLN

CEE FX

The US JOLTS report for July saw notably weaker than expected job openings, prompting a dip in the USD index to a weekly low, while EUR/USD surged to its highest level since Monday. Nevertheless, HUF and PLN have displayed limited reaction to the data, though gains in CZK have been more pronounced, with EURCZK now close to paring yesterday’s advance.

  • Unsurprisingly, the NBP’s policy statement offered little new information of note, with greater interest instead being placed on the tone of Glapinski during tomorrow’s press conference. The regional data slate is relatively thin for the remainder of the week, with Hungarian retail sales, trade balance and IP data for July left to cross.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.