- Analytics
- News and Tools
- Market News
- EUR/HUF to see a gradual drift lower below 400 next year – ING
EUR/HUF to see a gradual drift lower below 400 next year – ING
The EUR/HUF cross rate continues its volatile path. Economists at ING expect the pair to see a gradual turn lower below 400 in 2023.
HUF to be moved by non-monetary events and shocks in the short run
“We believe the Hungarian Forint is more likely to be moved by non-monetary events and shocks in the short run. The government's conflict with the EU over the rule of law will remain a major issue at least until the end of this year. We expect a positive outcome on the rule of law issue and an unlocking of the potential of the Forint.”
“As some form of positive outcome of this story seems to be priced in already, and also market positioning seems to have flipped to a slightly longer view in recent weeks, the EU story has become asymmetric for the HUF.”
“Instead of a jump in Forint strength, we expect a gradual drift lower below 400 EUR/HUF next year. However, our strong conviction regarding a positive outcome for Hungary makes the Forint our currency of choice in the CEE4 space.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
