Free Trial
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 testing its 50DMA (396.90) this week after consolidating sharply the previous week following the NBH decision to readjust its 1W depo and base rates by 200bps (9.75%) to protect the domestic currency.
- We have seen that the forint has been extremely sensitive to the Russia/Ukraine dynamics, and NBH policymakers have been determined to support the HUF to keep inflation expectations ‘anchored’.
- Support to watch below 396.90 stands at 393.20, followed by 390.
- On the topside, resistance to watch stands at 400, followed by 407.
- Yesterday, the NBH decided to keep its 1W depo rate steady at 9.75% as expected.
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok