Free Trial
AUSSIE 10-YEAR TECHS

(U2) More Stable But Still Fragile

USDCAD TECHS

Trend Structure Remains Bullish

US TSYS

Cautious Risk Appetite Gains Momentum

AUDUSD TECHS

Key Support Still Exposed

US STOCKS

Late Equity Roundup: 2W Highs

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access
HUNGARY
  • Yesterday, NBH decided to raise its 1W depo rate by 30bps to 6.15% following Tuesday’s decision to hike its ‘core’ policy rate by 100bps to 4.4%.
  • Even though hiking rates generally support the domestic currency, CEE FX have been mainly driven by the geopolitical risk, therefore hiking to aggressively may not have any impact on the forint.
  • EURHUF retraced higher following the decision, finding resistance at 375.60 before retracing slightly lower this morning. Key Support to watch on the pair remains at 370.
  • This morning, economic data showed that unemployment rate fell to 3.8% in February, down from 4.1% the previous month.
  • Hungarian Prime Viktor Orban attends the second day (today) of a European Union summit where leaders discuss the possibility of expanding economic sanctions against Russia over its continuing invasion of Ukraine (BBG).
MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com
MNI London Bureau | +44 203-865-3850 | yvan.berthoux@marketnews.com

To read the full story

Why Subscribe to

MarketNews.com

MNI is the leading provider

of news and intelligence specifically for the Global Foreign Exchange and Fixed Income Markets, providing timely, relevant, and critical insight for market professionals and those who want to make informed investment decisions. We offer not simply news, but news analysis, linking breaking news to the effects on capital markets. Our exclusive information and intelligence moves markets.

Our credibility

for delivering mission-critical information has been built over three decades. The quality and experience of MNI's team of analysts and reporters across America, Asia and Europe truly sets us apart. Our Markets team includes former fixed-income specialists, currency traders, economists and strategists, who are able to combine expertise on macro economics, financial markets, and political risk to give a comprehensive and holistic insight on global markets.