EUR/HUF could reach 300.00 in 12-month – Danske Bank

Discussion in 'Fundamental Analysis' started by FXStreet_Team, Oct 26, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    FXStreet (Edinburgh) - In the view of Thomas Harr, Strategist at Danske Bank, the Hungarian forint is poised to strengthen further within a year’s time.

    Key Quotes

    “While the low interest rate in Hungary is likely to keep the HUF attractive as a funding currency within the EM carry trade space, we continue to believe that Hungary’s fairly strong external position is likely to be supportive for the HUF in the medium term”.

    “We expect EUR/HUF to trade around 310 in the coming one to three months but still look for modest medium-term appreciation against EUR, targeting EUR/HUF at 300 in 12M”.
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