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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.
HUNGARY
- Yesterday, the NBH decided to leave its 1w depo rate unchanged at 4% (as exp.) in its weekly meeting.
- It seems that traders have been disappointed by the NBH's decision to mark a pause in its tightening cycle (1W depo rate unchanged since the start of the year); the forint has been consolidating against major crosses in the past week.
- EURHUF has been retracing higher in the past few days after receiving support at the 355 level.
- The pair tested its 200DMA earlier (357.60); a break above that level would open the door for a move up to 361.30 (100DMA).
- On the downside, support to watch below 355 stands at 350.90.
Source: Bloomberg/MNI
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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