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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 rising this week following the surge in risk aversion; the pair broke back above the 400 level and is currently trading at its highest level since July 28.
- Key ST resistance to watch on the topside stands at 410.
- Analysts expect the NBH to leave its 1w depo rate steady tomorrow at 10.75%; however, further weakness in the forint (with the EURHUF breaking above 410) could push NBH policymakers to intervene via the 1W facility.
- This morning, economic data showed that Hungary GDP rose by 6.5% YoY (vs .6.1% exp.), down from 8.2% in Q1.
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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