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FOREX: Modest gains in the EM space continue against the USD today, RUB (+0.56%)
is top of the pile, closely followed by MXN (+0.30%), PLN (+0.30%) and HUF
(0.29%). The Forint is on course to register its third straight session of gains
following the announcement that Hungary's central bank is to offer 1-month FX
swaps on July 16. EURHUF touched pullback lows of Huf321.83, near-term support
at Huf320.69 (55-dma), opening a move toward Huf320.00 (Huf320.05 (76.4%