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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.
HUF
EURHUF has extended last week’s move higher with bulls now eyeing gains toward the 386.00 handle and the 389.26 July 07 high further out. Notably, PLNHUF sits at its highest level since December 2022, with PLN rallying alongside global equities to reflect the ongoing improvement in the US economic backdrop and fading chances of a hard landing. The wider move lower in HUF since mid-July has seen PLN overtake HUF as the CE3 currency with the greatest spot returns against the EUR YTD (See image below).
- Price action today puts the forint close to the bottom of the EM pile, despite no obvious domestic drivers and a broader risk-on tone in global markets (evidenced by the uptick in major equity indices and downtick in the likes of USD and JPY).
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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