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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
- The sustained risk off sentiment this week has left risky assets vulnerable, with CEE FX experiencing significant selling pressure.
- HUF continues to be driven by external factors (i.e. market and geopolitical uncertainty) and is constantly testing new all-time lows against the EUR and the USD.
- We previously saw that the forint is 'extremely undervalued' relative to its 'fair' value looking at either a fundamental approach or historical ranges.
- For instance, HUF is currently trading 35% below its 'fundamental' value, the most undervalued currency among the G10/CEE world.
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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