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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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Free AccessForint Begins the Week on Firm Footing Alongside PLN Bid
- The EURHUF cross is down 0.40% at typing, through Friday’s lows but still above support at 385.72 – the 50-day EMA. The forint lags only the Polish zloty in the EMEA FX space so far today. Notably, PLNHUF rose to as high as 87.21 at the beginning of the session – its highest level since early August.
- Outside of regional factors in CEE, HUF has been performing resiliently amid persistent rhetoric from NBH officials who have stressed that actions at upcoming rate setting meetings will be made in a data-dependent, cautious manner. Should conditions facilitate continued large-scale cuts instead, erosion of Hungary’s favourable rate differential may begin to limit HUF gains.
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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.