16 Jun 2015
HUF expected to pick up pace in the medium term – Danske Bank
FXStreet (Edinburgh) - Strategist Thomas Harr at Danske Bank sees the Hungarian currency appreciating in the medium term.
Key Quotes
“HUF has weakened recently on broader EUR strength and higher global yields. As a result, we have lifted our EUR/HUF forecasts moderately”.
“We continue to believe that Hungary’s fairly strong external position is likely to be supportive for the HUF in the medium term”.
“Furthermore, fairly strong growth and an expected pickup in inflation are likely to keep the carry on the forint relatively attractive. Therefore, we continue to expect medium-term appreciation of the forint”.
Key Quotes
“HUF has weakened recently on broader EUR strength and higher global yields. As a result, we have lifted our EUR/HUF forecasts moderately”.
“We continue to believe that Hungary’s fairly strong external position is likely to be supportive for the HUF in the medium term”.
“Furthermore, fairly strong growth and an expected pickup in inflation are likely to keep the carry on the forint relatively attractive. Therefore, we continue to expect medium-term appreciation of the forint”.