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EURHUF Fails to Break Above Last Week's Highs, Today's Gains Trimmed

HUF
  • EURHUF tested, but failed to break, last week’s high of 380.50 and has since dipped back below the 380.00 handle with losses accelerating in recent trade.
  • The move lower has coincided with EURUSD bottoming out, with similar downticks noted in EURPLN and EURCZK.
  • Given the thin local slate, attention turns to an appearance from Fed Governor Waller as the highlight on the NY docket (ahead of the pre-FOMC blackout, which goes into force this weekend).

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