MNI BRIEF: China Seen Growing 5% In 2024 - Former Official

MNI China Daily Summary: Monday, Aug 5

MNI BRIEF: Taiwan FX Reserves Down In July

MNI BRIEF: China Private Services PMI Up In July

MNI: PBOC Net Drains CNY300.9 Bln via OMO Monday

MNI: PBOC Sets Yuan Parity Lower At 7.1345; -0.35% Y/Y

EZ/UK Bond Supply Calendar: Austria, UK and Germany on Tuesday

EZ/UK T-Bill Calendar: Spain and Belgium Due Tuesday

MNI: US ISM JUL SERVICES COMPOSITE INDEX 51.4

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

ING Say Possible Hawkish Rate Repricing Could Support HUF

HUF
  • ING say that on a global level, a lower EUR/USD remains a downside risk to EUR/HUF in the short-term, but that in the medium- and long-term this should in turn help to keep EUR/HUF lower.
  • Locally, they think the NBH will be key. They say markets remain on the dovish side, so see a possible hawkish repricing, leaving room for further appreciation due to higher interest rate differentials.
  • They say positioning seems rather balanced, and that the market does not seem to be betting on further HUF weakness, while FX carry remains nearly double that of CEE peers. The recent glimmer of hope for an approaching EU deal will also provide support, they say.
BulletEM BulletEmerging Market NewsHomepage
BulletEM BulletEmerging Market NewsHomepage

To read the full story

Close

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.