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- EUR/HUF: Scope to reach the 420 area later in Q3 – Credit Suisse
EUR/HUF: Scope to reach the 420 area later in Q3 – Credit Suisse
In the absence of further sizable policy rate hikes, EUR/HUF remains exposed on the upside. Analysts at Credit Suisse drop their EUR/HUF target of 385.
More rate hikes are needed
“The break in EUR/HUF well above the 400 mark leads us to drop our short-term target of 385.”
“We still see scope for some short-term retracement (e.g. to the 395 area) after a sizable rally. But in the absence of further sizable policy rate hikes EUR/HUF remains exposed on the upside.”
“Further increases to the 420 area later in Q3 now look on the cards.”
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