HUF poised to appreciate in the longer run – Danske Bank

In view of Analysts at Danske Bank, the Hungarian Forint is expected to gather traction in the next months.

Key Quotes

“The CEE currencies are among the most exposed emerging market currencies to escalating trade wars globally, with the HUF remaining the most exposed of the CEE currencies”.

“While we believe that a stronger EUR and more hawkish Hungarian central bank will help the HUF, escalating trade wars remain the major risk for the currency. Given the dominating uncertainty, we update our EUR/HUF forecasts as follows: 322 in 1M (previously 315), 319 in 3M (previously 311), 315 in 6M (previously 308) and 310 in 12M (previously 305)”.