Published at 08:54 (GMT) 01 Feb


EUR/HUF is trying to stabilise at around the 17/18 January lows at 291.70, which should hold ahead of US non-farm payrolls (4Cast: 175k). Domestically, Hungary's PMI surged to 55.9 in January, but one has to remember that it's a volatile series. We also heard from PM Orban trying to reassure investors that the leadership change at the NBH in March will be as smooth as possible: "I don't want to expose the country to unnecessary speculation". For our view on that please search: emge NBH m/t. PM