- EUR/HUF: Potential for a positive breakout on an EU deal later this year – ING
Market news
19 June 2023
EUR/HUF: Potential for a positive breakout on an EU deal later this year – ING
Economists at ING discuss Hungarian Forint (HUF) outlook.
Forint to hover within a tight range in the summer
We continue to see a working framework for the coming weeks in the 368-378 EUR/HUF range.
We believe that the market will use weaker levels as a new entry point to build positions in the Forint to benefit from a still very attractive carry. On the other hand, at the lower end of the range, bets will rise on more easing, limiting HUF upside.
We see potential for a positive breakout on an EU deal later this year.
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