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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.
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Free AccessForint Firms Alongside Emerging Market Peers
- EURHUF is down 0.20% at typing, broadly in-line with the performance of its CE3 peers (EURPLN: -0.20%; EURCZK: -0.10%). While there is little in the way of domestic news flow, stronger global equity indicies and softer core yields are providing support to wider EM FX.
- Previously noted EURHUF technical levels remain in play with the 50-day EMA marking the next important support level at 381.11, while a resumption of gains would refocus attention on 394.67, the Aug 3 high.
- Hungary’s local yield curve trades 2-5bps lower and flatter today, matching that of its regional peers. The Budapest Stock index trades 0.25% in the green and has recorded a fresh record high in the process, taking YTD gains close to 30%.
To read the full story
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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.