Hungarian Forint Recovery Against Euro May Resume, Commerzbank Says
Commerzbank sees the Hungarian forint potentially strengthening further against the euro if global risk appetite steadies, with EUR/HUF moving back to 350–355.
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Commerzbank analyst Tatha Ghose notes that the Hungarian forint has only partially retraced its gains following recent elections. He believes the recovery versus the euro could resume once global risk conditions stabilize. The EUR/HUF pair is expected to return to the 350–355 range in the near term.
Source: FXStreet Forex News