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Szijjarto Reiterates Need for Russia-Ukraine Peace Talks

HUNGARY
  • The circumstances for peace are not going to improve in the Russia-Ukraine conflict, the minister of foreign affairs and trade Szijjarto said in an interview with CNN. The goal should be to save lives, he said. "Then get Ukrainians and Russians... negotiate a peace deal," he added. "This is not going to take place without the United States."
  • EURHUF starts the session 0.12% in the red, though the cross is still within relatively close proximity to yesterday’s highs. A sustained break of 391.64, the Aug 21 high, would open 394.67, the Aug 3 high and a key resistance. On the downside, support is marked at 383.14, the 50-day EMA.
  • Minister for Economic Development Marton Nagy scheduled to speak at conference at 1310BST/1410CET. There are no major data releases today.
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