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HUF Hits New Daily Highs vs. USD, EUR

HUF
  • EUR/HUF breaks lower in recent trade - with the cross showing below 50-dma support for the first time since mid-September. EUR/HUF touches 408.49 before stabilising. No headlines or new news to trigger the move, with volumes likely picking up on the break of the dma as well as Tuesday's 410.01.
  • USDHUF prints new daily low of 417.0546, but remains above 416.21 support. Not necessarily related, but worth recalling today marks the first session in which the NBH will provide FX from its reserves for energy import needs.
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com
MNI London Bureau | +44 203-865-3809 | edward.hardy@marketnews.com

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