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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
- EURHUF ticks higher this morning and continues to trade within the 405 – 410 range as the recent rise in risk aversion has been weighing on the forint.
- Last week, the NBH decided to keep its 1w depo rate steady at 10.75% (as expected) despite renewed HUF weakness.
- We argued that 410 seems to be the new threshold for NBH policymakers to start considering intervening via the 1W depo facility.
- On the downside, key support to watch stands at 400, followed by 391.90 (100DMA).
- Vodafone has entered a non-binding agreement with 4iG and Corvinus for the potential sale of Vodafone Hungary for a total cash consideration equivalent to an enterprise value of HUF715 billion, or EU1.8 billion, according to statements from the parties (BBG).
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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