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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.
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Free AccessMNI UST Issuance Deep Dive: Dec 2024
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MNI ASIA MARKETS ANALYSIS: Jobs Data Green Lights Rate Cuts
USD/HUF Trades at 15-Month Low Amid Favourable Risk Backdrop
- Despite the initial blip higher for the greenback in the direct aftermath of the US PPI release, USDHUF remains within close proximity of session lows as of typing, having declined 0.60% on the day. Earlier on Thursday, the pair pierced support at 335.62, the June 22 low, extending the prior day's weakness amid the lower US yields and favourable risk backdrop.
- The move lower in EURHUF has been more moderate today. The cross has dealt within a relatively narrow range with attention remaining on the 50-day EMA which intersects at 374.49. A sustained break would undermine the recent bullish theme and highlight potential for a deeper pullback towards 373.11, the 76.4% retracement of the Jun 27 - Jul 7 rally. Overall, HUF performance is once again among the best in the EM space today.
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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.