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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.
HUF
- Despite being the most undervalued currency among the G10/CEE region, selling pressure on HUF has been elevated in the past two months as the geopolitical uncertainty keeps weighing on the forint.
- Weakness in HUF keeps supporting inflation expectations, which Hungary officials consider as a 'public enemy'.
- EURHUF has been retracing sharply higher in the past week, currently trading slightly below the 400 level (pair's all-time high).
- A break above that level would open the door for a move up to 412.50, which corresponds to the 123.6% projection of the 345.10 - 400 range.
- On the downside, support to watch stands at 393, followed by 390.
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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