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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 testing its 100DMA support line after consolidating sharply lower this week as Hungary steps up efforts to unlock EU funds that have been blocked over the Rule of Law dispute.
- A break below 395.90 (100DMA) would have opened the door for a move down to 392.30 (38.2% Fibo retracement of the 352.40 – 416.90 range).
- The NBH decided to keep its 1W depo rate steady at 11.75% (as expected).
- In addition, economic data showed yesterday that inflation accelerated to 15.6% YoY in August (less than 15.9% expected), up from 13.7% the previous months.
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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