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CFD Trading Rate Euro vs Hungarian Forint (EURHUF)

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Over the past 10 days
Date Rate Change

Related news

  • 27.02.2024 10:44
    EUR/HUF seen slightly above 390.00 at the end of the day – ING

    The National Bank of Hungary is scheduled to meet today. Economists at ING analyze Hungarian Forint (HUF) outlook ahead of the Interest Rate Decision. 

    Central bank speeding up rate cuts pace

    We expect an acceleration in the pace of rate cuts from 75 bps to 100 bps, which would mean a cut to 9.00%. 

    We see EUR/HUF slightly above 390.00 at the end of the day. However, for both rates down and EUR/HUF up we see limited movement due to stretched market pricing and for the market this may be an interesting entry for rate payers at the front end of the curve or long HUF later after the decision.

     

  • 26.01.2024 11:11
    Lower EUR/HUF is good news for the NBH – ING

    The National Bank of Hungary will meet next Tuesday, giving the Hungarian Forint (HUF) more market attention than usual. Economists at ING analyze EUR/HUF outlook.

    A stronger US Dollar is not good news for HUF and the CEE region

    The Minister for Economy is proposing a change in the money market rate BUBOR which would be replaced by T-bills yields for corporate loans pricing. For now, this is just a proposal but it triggered an exchange between the minister and the central bank, which contributed to higher EUR/HUF volatility on Thursday.

    Looking ahead, lower EUR/HUF is good news for the central bank, and it may increase the pace of rate cuts to 100 bps next week (which is now our baseline view). 

    The interest rate differential has turned up in favour of HUF in the last two days, which should stop the recent sell-off. However, the situation reads poorly in the current environment and a stronger US Dollar after Thursday is not good news for HUF and the CEE region.

     

  • 19.12.2023 08:40
    EUR/HUF: The risk premium on the Forint will stay elevated – Commerzbank

    The Forint enjoyed one good spurt last week. Economists at Commerzbank analyze HUF outlook ahead of Hungary’s National Bank (MNB) meeting.

    MNB to continue rate cuts 

    MNB is widely expected to keep following its pre-signalled rate path and cut the rate corridor once again by 75 bps today.

    Hungarian core inflation YoY rate of 9.1% is still near the double-digit mark. Nevertheless, this is of less concern now as the MoM core inflation rate has returned roughly to historical range. If MNB were to maintain a higher than 9% interest rate through Q1 2024 for example, that will translate to a decently positive real interest rate, which should support the Forint.

    The risk premium on the Forint will stay elevated, but MNB will carry on with monetary policy normalisation regardless.

     

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