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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
- With the HUF down 5.6% against USD this week, chances of a rate hike tomorrow are high.
- NBH is likely to hike its 1W depo rate by 30bps to 4.9% (market consensus still expecting no change).
- Virag mentioned yesterday that ‘rate hikes’ remain the ‘most important tool’ to defend the forint.
- Hiking rate could ease the selling pressure on HUF, which reached an all-time-low at 383.60 against the Euro.
- HUF has been the weakest performing currency (ex-RUB) among the EM world since the start of the week.
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.
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