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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.
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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI ASIA OPEN: Weak 30Y Reopen, ECB Forward Guidance Weighing
MNI ASIA MARKETS ANALYSIS: Tsys Reverse Early Data Driven Gain
MNI US Inflation Insight: Softer Housing Helps Ensure Dec Cut
EU Reach Deal to Unlock Hungarian Funds
- EU countries reached a preliminary agreement to clear the way for Ukraine to receive crucial aid from the bloc after Hungary dropped its opposition in exchange for graft-related reduction in financial penalties, Bloomberg report. In the process of debating the un-freezing of Hungarian cohesion funds, Netherlands and Sweden pushed for the EU to maintain a full suspension, but eventually a French-German proposal to unlock funding proportional with legislative progress (hence €6.3bln remains frozen, with €1.2bln unlocked) met a qualified majority.
- The news has seen HUF rally against regional peers early Tuesday, with EUR/HUF well below the 50-dma at 410.81 and PLN/HUF around 2.1% below the cycle high printed yesterday.
- Cabinet Minister Gulyas and Navracsics, the minister responsible for EU funds, will hold a briefing in Budapest at 0830 GMT/0930 local time.
- Elsewhere, according to a Facebook post by Prime Minister Orban on Tuesday, Hungary are to raise pensions by 15% in 2023.
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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.