Economists at ING anticipate the EUR/HUF to maneuver larger in direction of 415 within the short-term. Nonetheless, optimistic headlines concerning the negotiations between the Hungarian authorities and the European Fee ought to drag the pair right down to 400.
The forint will nonetheless have a tricky time
“A transfer again in direction of 415 EUR/HUF shouldn’t be out of the query over the approaching days.”
“Nonetheless, the forint is the one forex within the area at the moment supported by a rising rate of interest differential and we must always see a HUF rally again under EUR/HUF 400 within the case of optimistic information from the European Fee. Nonetheless, that is definitely not a matter for the subsequent few days and the forint will nonetheless have a tricky time.”
