MNI China Daily Summary: Wednesday, February 19

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MNI: US MBA: MARKET COMPOSITE -6.6% SA THRU FEB 14 WK

EZ/UK T-Bill Calendar: 1/3/6-Month UKTB Auction on Friday

MNI: UK JAN CPI -0.1% M/M, +3% Y/Y

GERMANY: Economy Ministry Lowers 2025 Growth Forecast As Expected

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GERMANY: Kukies Considers Potential Non-Implementation Of 2024 Suppl' Budget

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HUF: EURHUF Continues to Eye Key 400.00 Level with US-Russia Talks Underway

HUF
CEEMEAEM BulletBulletEmerging Market NewsHungary

EURHUF ranges remain narrow during Tuesday trade as markets await any headlines concerning the talks between the delegations of the US and Russia in Riyadh. Much of the meeting is set to be held behind closed doors, so headlines could come out sporadically or may be restricted to official pressers or readouts.

  • Meanwhile, a firmer showing for the greenback has prompted a 0.2% move higher for USDHUF. The pair remains some way below any notable resistance levels owing to the sharp sell-off this month, which tipped the 14-day RSI to its lowest since August. Attention for EURHUF remains on the key 400.00 support handle.
  • Owing to the thin data slate this week, regional focus for CEE currencies remains solely on the bilateral talks on Ukraine. In Hungary, the annual conference of the Fidesz party began today, with focus here on any potential announcements of fiscal plans for this year.
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EURHUF ranges remain narrow during Tuesday trade as markets await any headlines concerning the talks between the delegations of the US and Russia in Riyadh. Much of the meeting is set to be held behind closed doors, so headlines could come out sporadically or may be restricted to official pressers or readouts.

  • Meanwhile, a firmer showing for the greenback has prompted a 0.2% move higher for USDHUF. The pair remains some way below any notable resistance levels owing to the sharp sell-off this month, which tipped the 14-day RSI to its lowest since August. Attention for EURHUF remains on the key 400.00 support handle.
  • Owing to the thin data slate this week, regional focus for CEE currencies remains solely on the bilateral talks on Ukraine. In Hungary, the annual conference of the Fidesz party began today, with focus here on any potential announcements of fiscal plans for this year.