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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 has pared the majority of its gains from earlier in the session and now trades close to flat on the day. The uptick in the cross at the beginning of the session coincided with a small downtick in the EUR, but EURHUF has traded steadily lower since, in-line with the broader move higher in the single currency as the greenback erases its post-NFP gains. 372.38, the Mar 1 low, remains the key support level to watch.
- Domestic yields trade 6-10bps higher across the curve, though well within recent ranges, while the Budapest Stock Index sits 0.22% higher, slightly underperforming its regional peers.
- Cabinet Minister Gergely Gulyas told reporters last Thursday that this week Hungary will decide whether to extend food price caps beyond the end of the month. The decision will be influenced tomorrow’s inflation data (Est: 25.0% y/y; Prior: 25.4%), the same day as the weekly cabinet meeting.
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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