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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
- Selling pressure on HUF remains elevated with EURHUF flirting with the 380 level this morning.
- Last week, implied volatility on HUF started to surge following Orban’s victory over the weekend as market has been pricing in renewed political tensions with the EU in the near to medium term.
- On Friday, economic data showed that inflation accelerated to 8.8% in March (vs. 8.5% exp.), up from 8.3% the previous month.
- The recent HUF depreciation has increased the pressure on NBH policymakers as it keeps supporting inflation expectations.
- ST key resistance to watch on EURHUF stands at 383.20.
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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