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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 sharply lower in the past few days following the DXY consolidation and the readjustment in NBH rates.
- As a reminder, the NBH decided to readjust its base rate at its 1W depo rate (9.75%) following the aggressive 200bps hike in the 1W depo rate the week before.
- On Friday, PM Orban mentioned in an interview that he sees recession in Europe due to energy crisis and added that Hungary is unlikely to face gas cut.
- Hungary was sued by the European Union over alleged curbs on LGBTIQ rights and limits on the nation’s only opposition news radio broadcaster.
- EURHUF: Support to watch below the 400 level stands at 395.60 (50DMA). On the topside, resistance to watch stands at 407.50.
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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