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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
- Renewed US Dollar strength in the past week has been weighing on CEE currencies, particularly the HUF.
- EURHUF has been retracing sharply higher, finding resistance at the 410 level this week.
- A break above that level would open the door for a move up to 412.40.
- We previously argued that 410 seems to be the new threshold for NBH policymakers to start considering intervening via the 1W depo facility.
- Hungary’s government has replied to a European Commission letter and put forth a set of measures aimed at addressing the commission’s concerns, Justice Minister Judit Varga says in a post (BBG).
- Next economic data to watch will be Average Gross wages on August 24 and unemployment rate on August 25.
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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