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Free AccessSelling Pressure on HUF Remains Elevated
- USDHUF has been retracing higher in the past few days and is currently trading at the high of its 3-day range; ST resistance to watch stands at 327.44, followed by 330. On the downside, first support stands at 322.70 (see chart).
- EURHUF has also been trending higher this morning and is currently trading slightly below its ST resistance at 368.50; key resistance to watch on the topside stands at 370. On the downside, first support stands at 365, followed by 363.80 (50DMA).
- Hungary 10Y yield has been retracing higher this week, currently trading slightly above the 4.50% level; next resistance to watch on the topside stands at 4.6470%. On the downside, first support stands at 4.18%, followed by 4.04% (50DMA).
Source: Bloomberg
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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.