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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
- Russia’s default on its foreign-currency debt could continue to weigh on the forint in the near term (HUF has been very sensitive to the Russia/Ukraine developments).
- EURHUF continues to trade above the 400 level this morning; next ST resistance to watch on the topside stands at 402.90.
- A break above that level would open the door for a move up to 410.78, which corresponds to the 123.6% Fibo projection of the 352.40 – 399.60 range.
- The NBH is meeting on June 28 and is expected to raise its ‘core’ policy rate by at least 50bps to 6.40%; risk is skewed towards bigger hike following the recent readjustments on the 1W depo rate.
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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