Free Trial

EURHUF Pares Wednesday Gains as Equity Open Drives Risk Sentiment

HUNGARY

EURHUF (+1.15%) pares the majority of yesterday's losses as the European equity open drives risk sentiment more broadly. Banks across the continent are slipping sharply (UBS off 5.5%, DBK off 3.5%, Barclays off 2.4%) as concerns around the fragility of Swiss banking worsen on report that the DoJ are looking into whether UBS, CS helping Russian skirt sanctions.

  • Risk-off trade across G10 feeding directly into high beta and EUR proxies, providing a headwind to most CEEMEA currencies.

To read the full story

Close

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.