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EURHUF Retraces Post-NBH Gains

HUNGARY

EURHUF (-1.05%) has retraced yesterday’s post-NBH rally and trades below the 374.00 handle at the time of typing. The forint has been supported by the strong performance of the euro today despite the central bank having made its first step towards easing monetary policy. Similar optimism is seen in local yields, which sit lower and less inverted on the day.

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