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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.
HUNGARY
- EURHUF has been consolidating higher in the past few days after reaching a local low at 350.90 last week; the pair is currently trading slightly below its 200DMA at 357.60.
- A break above that level would open the door for a move up to 360.
- On the downside, next support to watch below 350.90 stands at 350.
- HUF still remains one of the top FX performer among the EM world, up 3.6% against the Dollar and 3.4% against the Euro since the start of the year.
- The NBH meets next week and is expected to continue to raise its 'core' policy rate by 30bps to 2.7%.
Source: Bloomberg
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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