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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 been retracing higher since yesterday after finding support at its 50DMA; the pair is currently trading back at the 400 level
- This morning, the NBH decided to leave its 1W depo rate steady at 9.75% following the recent HUF strength.
- Key support to watch below 397.70 (50DMA) stands at 393.20, followed by 390.
- On the topside, resistance to watch stands at 407.
- Hungary’s government proposed legislation aimed at reaching a deal with the European Commission to unlock funds held up over graft concerns (bbg).
Source: Bloomberg/MNI
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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