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HUNGARY: Chief of PM’s Office Holds Press Conference Following Cabinet Meeting

HUNGARY
CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion
  • The forint ended yesterday’s session 0.7% higher versus the euro, undoing the bulk of Monday’s losses. However, initial support for EURHUF at 406.24, the 20-day EMA, remains intact for now with focus still on key resistance at 412.35, the Nov 6 high.
  • The volume of construction production in September decreased by 8.2% compared to a year earlier and by 2.7% compared to the previous month, data released by the statistics office showed this morning.
  • Gergely Gulyas, the minister in charge of the prime minister’s office, will hold a weekly press conference following a cabinet meeting earlier in the week (09:00GMT/10:00CET).
  • There are no data releases scheduled for the remainder of the week, with the NBH rate decision next Tuesday entering focus.
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  • The forint ended yesterday’s session 0.7% higher versus the euro, undoing the bulk of Monday’s losses. However, initial support for EURHUF at 406.24, the 20-day EMA, remains intact for now with focus still on key resistance at 412.35, the Nov 6 high.
  • The volume of construction production in September decreased by 8.2% compared to a year earlier and by 2.7% compared to the previous month, data released by the statistics office showed this morning.
  • Gergely Gulyas, the minister in charge of the prime minister’s office, will hold a weekly press conference following a cabinet meeting earlier in the week (09:00GMT/10:00CET).
  • There are no data releases scheduled for the remainder of the week, with the NBH rate decision next Tuesday entering focus.