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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 NBH has been hiking its 1W deposit rate in recent weeks to limit the downside risk on HUF, which has been constantly depreciating in recent month against major crosses.
- EURHUF surged above the 370 (all time high) in the end of November (before edging lower in the past week), increasing inflation risks as weaker forint has been supporting inflation expectations.
- USDHUF has been oscillating around 323 in the past two days; ST support to watch on the downside stands at 320. On the topside, resistance to watch stands at 325.
- Hungary 10Y yield has been consolidating lower in recent days, currently trading slightly below the 4.50% level; ST resistance to watch on the topside stands at 4.6470%. On the downside, first support stands at 4.34%.
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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