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EURHUF Extends Losses Ahead of US Inflation Data

HUF
  • EURHUF (-1.00%) has extended lower and has recorded its lowest level of the month, piercing the week’s low at 386.20 in the process.
  • Boosted sentiment and the weaker greenback is supporting the move, with bears eyeing further losses toward the 20-day EMA – which intersects today at 384.61.
  • With few notable domestic catalysts and recent HUF performance largely a function of the global picture, eyes are on the US inflation report coming up.

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