Hungarian data release could affect forint this week
For Hungary, the key release this week is definitely inflation stats for July to be published on Wednesday morning, as it will show how temporary the June CPI jump was. And it could have an impact on the forint, especially as the Hungarian currency was stuck in a narrow range between 320 and 322 last week. The CPI print could potentially nudge EUR/HUF out of this range. China is also set to release its latest foreign trade figures early on Wednesday.
On Thursday morning, the Hungarian stats office is to release the latest foreign trade figures and FX investors may want to keep an eye on China’s latest inflation data. The last day of the week will feature construction industry figures in Hungary and the central bank’s government security statistics, while exchange rates elsewhere may be affected by GDP releases in Japan and the UK, as well as by U.S. CPI stats.