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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 risk off sentiment triggered by the higher-than-expected US CPI print has been weighing on the forint in recent days, with HUF falling to an all-time low against the Euro and the US Dollar.
- We previously saw that the HUF remains the most ‘undervalued’ currency among the G10/CEE world, using either a behavioral approach (BEER FX) or historical ranges.
- For instance, the chart below shows that the NEER HUF (Broad index) is now trading nearly 25% below its LT average following the recent selloff.
- The NBH will publish the minutes of its May meeting on June 15 (2pm CET).
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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