Free Trial

HUF rallies sharply alongside comments......>

HUNGARY
HUNGARY: HUF rallies sharply alongside comments from the Hungarian central bank
deputy governor Nagy, who stats that the bank will do all we can for inflation
to return to the tolerance band, adding that the bank have substantially lowered
their FX swap stocks, which was a conscious and deliberate decision and has
triggered a 50bps rise in implied swap rates, thereby making short HUF positions
more expensive. EUR/HUF drops to touch 337.92, making 337.27 the immediate
downside target.

To read the full story

Close

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.