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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 this week, finding resistance slightly below the 410 level on Thursday.
- The 100bps hike on the base rate followed by the readjustment on the 1W depo rate has not been enough to support the HUF in recent days, as the forint continues to be driven by external factors such as geopolitical uncertainty and risk aversion.
- This morning, PM Orban mentioned on radio that all Hungarian families will continue to pay capped prices for electricity and gas to average consumption.
- Resistance to watch on EURHUF stands at 410.
- On the downside, key support to watch remains at 400.
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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