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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.
EM FX
- HUF remains the best performing currency so far this year among the EM world despite today’s consolidation.
- The NBH decided to mark a pause in its tightening cycle, leaving its 1W deposit rate steady at 4% in the past two weeks after raising it by 220bps in the last two months of 2021.
- HUF is up 4.9% against the USD and 4% against the Euro.
- At the bottom, political uncertainty in Russia has been weighing on the {RU} RUB, which is down 2.3% against the greenback.
- It is interesting to see that the RUB has been depreciating more than the {TU} TRY this month; the lira is down 1.7% against the USD.
Source: Bloomberg
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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