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US Considering Sanctioning Hungarian Individuals

HUNGARY
  • Bloomberg report that the US will probably sanction several individuals in Hungary, according to people familiar with the matter.
  • The individuals will likely include officials at a bank in the European Union and NATO state.
  • US Ambassador to Hungary David Pressman is scheduled to hold a news conference on Wednesday afternoon in Budapest, although the topic has not been made public. An embassy spokesperson said they had no information to share relating to sanctions and there was no indication the briefing was related to the US deliberations on penalties in Hungary.
  • EURHUF spiked higher following the headlines and trades near the 377.00 level at the time of typing. 380.77 - the 20-day EMA – marks immediate resistance.

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