MNI: GERMANY OCT EXPORTS -2.8% M/M (VS FCST -2.6%)

MNI BRIEF: BOJ Tankan: Business Inflation Expectations Solid

MNI BRIEF: RBA Details Hypothetical Monetary Policy Paths

MNI: PBOC Net Injects CNY14.2 Bln via OMO Friday

MNI: PBOC Sets Yuan Parity Higher At 7.1876 Fri; -1.22% Y/Y

MNI BOJ DEC TANKAN LARGE MFG INDEX +14; SEPT 13; MEDIAN +12

MNI: FRANCE NOV HICP -0.1% M/M, +1.7% Y/Y

MNI: SWEDEN NOV UNEMPLOYMENT 7.4%

MNI: UK OCT TRADE BALANCE GBP -3.72BN

MNI EXCLUSIVE: EU-Mercosur Deal Close, But Likely Short-Lived - Officials

AUSTRALIA: 2025 Election Outcome Looking More Uncertain According To Newspoll

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

IP Data Raises Concerns of Faltering Recovery, Briefly Pressures Forint

HUF
While EURHUF is sitting close to unchanged on the day at typing, the cross had pierced above the 387.00 handle earlier in the session. Approximately 50% of the Jan 30 – Feb 02 sell-off in EURHUF has been pared, though a break of last week’s pre-NBH high of 390.49 is needed to reinstate a stronger bullish theme.
  • This morning, Hungary’s year-on-year industrial production recorded its lowest level since July 2020, raising concerns of a faltering recovery in the domestic economy. The data will add to the pressure on the NBH to increase the pace of monetary policy easing at the next MPC meeting (Feb 27). Yesterday, Economy Minister Nagy noted today that the NBH is still “far from” supporting the nation’s economic growth.
  • Looking ahead, CPI data on Friday is the key risk event in Hungary. As per the median estimate of the Bloomberg survey of analysts, the headline figure likely fell from +5.5% y/y in December to +4.3% in January.
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.