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Debt Management Agency Plans to Auction $143m in Local-Currency Bonds and Bills

HUNGARY
  • Hungary’s Debt Management Agency plans to auction a total of HUF 52bln ($143 million) in local-currency bonds and bills today, according to Bloomberg.
  • There is little in the way of domestic news flow so far Thursday morning, with no economic releases on the docket today or for the remainder of the week.
  • EURHUF is trading flat on the day at typing, but still within close proximity to Wednesday’s high. The cross reached a high of 389.45 yesterday following the release of the central bank’s January meeting minutes, which showed a dissenting view among the Council for the first time since 2016. For EURHUF, 390.49, the Jan 30 high, is the next resistance level to watch. A break here could signal scope for a move higher toward 394.67, the Aug 03 2023 high.

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