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EURHUF Briefly Dips Following NBH Decision; Policy Statement at 1400GMT

HUF
  • EURHUF briefly touched a fresh intraday low following the in-line with expectations NBH decision, though there has been a swift bounce in most recent trade.
  • The cross is down 0.35% on the day at typing and remains within Monday's ranges. Short-term support is further out at 378.22, the Dec 14 low.
  • Updated GDP and inflation forecasts will be released alongside the policy statement at 1400GMT/1500CET. There has been no official confirmation of any post-decision press conference (though this is usually held 1 hour after the rate announcement).

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