Free Trial
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
- EURHUF has been trending higher this week, mainly driven by the surge in risk aversion; the pair broke back above the 400 level and find resistance slightly above 408 yesterday.
- Selling pressure on HUF remains elevated, but NBH decided to leave its 1W depo rate steady at 10.75% this morning.
- We argued that 410 seems to be the new threshold for NBH policymakers to start considering intervening via the 1W depo facility.
- Yesterday, economic data showed that Q2 GDP growth came in stronger than expected at 1.1% QoQ (vs. 0.5% exp.) and up 6.5% YoY.
Source: Bloomberg
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.
We are facing technical issues, please contact our team.
ok
Your request was sent sucessfully! Our team will contact you soon.
ok