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EURHUF Creeps Lower Amid Few Domestic Catalysts

HUF
  • EURHUF starts the session marginally in the red having recovered late in yesterday’s session from its intraday lows. Nevertheless, the Forint sits second to only the Czech Koruna on the EMEA FX pile. With few domestic catalysts, HUF performance will likely continue to be a function of the global risk picture today. The cross currently sits above the 20-day EMA at 384.42 – which marks immediate support.
  • There is very little in the way of domestic news flow today. There are also no notable data releases on the docket until GDP data (Est: -1.2%) next Wednesday.

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