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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
- Orban made the announcement in a state-of-the-nation speech Saturday aimed at kicking off the campaign for the April 3 parliamentary elections that polls show to be the closest of his three terms in office (BBG).
- On Friday, economic showed that Hungary CPI inflation accelerated to 7.9% YoY (vs. 7.4%) up from 7.4% the previous month, currently standing at its highest level since August 2007.
- The renewed Russia-related tensions has been weighing on the HUF, which put NBH policymakers in a ‘difficult’ position as further forint weakness keeps supporting inflation expectations.
- EURHUF has been testing its 200DMA at 357.20 in recent days; a break above that level would open the door for a move up to 360. On the downside, first support stands at 355, followed by 352.40.
Source: Bloomberg
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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