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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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Free AccessEURHUF Keeps Trading Above 400 Level Despite NBH 'Hawkish' Hike
- EURHUF keeps trading above the 400 psychological level despite NBH decision to hike its policy rate by 100bps.
- Even though the magnitude of the hike was higher than what markets have been pricing in recently (between 50 and 75bps), the forint continues to be driven by external factors such as political uncertainty.
- Rising risk aversion and USD strength have been associated with HUF weakness, therefore the 'hawkish' move from the NBH has not generated any significant impact on the EURHUF pair.
- Deputy Governor Virag will hold press conference at 3pm CET.
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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.