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Forex: EUR/HUF in session highs after Hungary data

The Hungarian forint is markedly depreciating against the single currency on Thursday, after the domestic economic activity shrank 2.7% on a yearly basis during the last quarter of 2012, and the CPI rose 3.7% YoY in January, below the 5% previous. Core CPI also increased 3.7%, below December’s 4.9%.

At the moment, the pair is up 0.86% at 292.48 facing the next hurdle at 293.15 (MA21d) ahead of 300.00 (2013 high Jan.28) and then 307.65 (high Jun.1).
On the flip side, a breakdown of the psychological level at 290.00 would clear the way to 288.70 (low Feb.13) and then 287.65 (low 2013 Jan.13).

Forex: USD/CHF eases back to 0.9200 level after failure to break resistance

The USD/CHF has edged higher Thursday, however following the publication economic data in Italy the pair has eased off of the 0.9222 (session high) mark in recent moments, unable to break initial resistance. At the time of writing the cross is testing 0.9200 level.
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ECB Monthly Report: Monetary policy will remain accomodative

February's ECB Monthly Report includes information on the latest ECB meeting during which the Governing Council decided to leave interest rates unchanged at 0.75%.
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