EUR/HUF could test 390 soon if the NBH confirms the hawkish tone – ING Hungary EURHUF Banks InterestRate
“The market is seeing signs of speculation of a too-early interest rate cut. If the NBH resists the temptation and confirms the hawkish tone, we expect the current speculation to cool down and the Forint could get back on track.”to negative could slightly clear long positioning and clear the way for further Forint appreciation. In that case, we expect that the Forint could test 390 EUR/HUF soon.
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