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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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Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.
Free AccessMNI UST Issuance Deep Dive: Dec 2024
MNI US Employment Insight: Soft Enough To Keep Fed Cutting
MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
HUF: Forint Gains Accelerate Despite Weaker-Than-Expected German IFO Data
The fade in the USD index from last week’s highs may be supporting the forint Monday morning, with EURHUF 0.3% lower on the session and extending the reversal off the multi-month high printed just over a week ago. HUF is among the top performers in EMEA so far today, with gains for HUF accelerating in recent trade despite the weaker-than-expected German IFO figures.
- The IFO data for Germany signals headwinds for the recovery in Europe’s biggest economy. Given Germany is Hungary’s largest trading partner, this will add to the less-favourable external environment for Hungary’s growth prospects.
- In its latest policy statement, the NBH noted that “Exports will be affected by opposing trends. Subdued European economic activity is holding back domestic exports, but ongoing and newly announced, significant capacity-enhancing foreign direct investment projects will continue to stimulate exports in the coming years.” Overall, the central bank left its growth forecast for 2024 unchanged at 2.0–3.0%.
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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.