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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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Free AccessHUNGARY: Retail Sales Rise 2.6% Y/Y in June, Missing Estimates
- Hungary’s working day adjusted retail sales rose 2.6% y/y in June after rising +3.6% in May (Est: +3.4%), according to the Hungarian Statistics Office. Sales of food, beverages and tobacco rose 3.2% y/y while sales of non-food products rose 3.6% y/y.
- EURHUF trades close to unchanged levels at the start of the session following the solid sell-off yesterday afternoon. The cross had tested the 399 handle but ended the day below 397.
- Looking ahead, CPI figures for July provide the highlight of the week on Thursday, where consumer prices are seen rising +4.0% y/y compared to +3.7% in June. Tomorrow, industrial production data for June is on the docket (Est: -3.8% y/y; Prior: -4.9%).
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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.