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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.
HUNGARY
- Next important event is the NBH policy meeting on July 27; central bank is expected to raise its benchmark rate by another 30bps amid rising inflationary pressures.
- The rise in uncertainty in recent weeks combined with the legal disputes between Hungary and EU have been weighing on the HUF, which has been the worst performing currency in July among the CEEMEA market (HUF down 2.4% against USD in July).
- USDHUF ticks higher this morning, breaking above its 306 resistance; next ST resistance stands at 310. On the downside, first support to watch stands at 305.20, followed by 298.60 (200DMA).
- Hungary 10Y yield ticks lower this morning after failing to break trough its 100DMA at 2.80%; next level to watch on the topside stands at 2.87%. On the downside, first support stands at 2.68%.
Source: Bloomberg/MNI
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.
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