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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
- This morning, economic data showed that industrial production came in higher than expected at 4.5% YoY in February (vs. 1.8% exp.), down from 7.1% the previous month.
- HUF has been slightly weakening following the election’s result (Orban victory), with EURHUF currently trading slightly below the 370 level this morning.
- A break above that level would open the door for a move up to 375.10.
- We have previously seen that the 370 level represents a ‘psychological’ level for NBH policymakers, who have been forced to intervene via the 1W depo facility to prevent further HUF depreciation as a weaker forint keeps supporting inflation expectations.
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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