Hungarian Forint Appreciation Prompts Stability Target, ING Says
ING economists note the Hungarian forint has sharply appreciated, with investors treating Hungary as a quasi-eurozone, and policymakers aim to maintain stability around fair value.
EURHUF
ING economists Péter Virovacz and Zoltán Homolya observe that the Hungarian forint (HUF) has experienced a sharp appreciation, as investors increasingly regard Hungary as a quasi-eurozone economy.
The policymakers are now targeting foreign-exchange stability around what they consider fair value, aiming to anchor the currency's recent strength rather than encourage further gains.
Source: FXStreet Forex News