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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.
CEE FX
- PLN/HUF continues to trend lower this morning, retaining the notable downside momentum established at the start of August (-2.89%) as the Monetary policy divergence playing out between the NBP & NBH
- HUF trades firmly this morning across the board as markets anticipate a +30bp hike from the NBH (1300BST).
- Guidance is till likely to remain cautious, despite early indications of moderating inflation pressures in July printing at 4.6% vs 4.8% exp and 5.3% prior.
- PLN/HUF price action is now approaching 76.00 & the march 2020 swing low at 75.82 after making a notable break through 76.87 support going back to 2019
- Price action moving deeper into oversold territory
MNI London Bureau | +44 020-3983-7894 | murray.nichol@marketnews.com
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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