Menu

Search

  |   Commentary

Menu

  |   Commentary

Search

EUR/HUF likely trade around 307 by end-2018 – Lloyds Bank

The EUR/HUF currency pair has rallied from a 15-month low below 303 in August to more than 312, noted Lloyds Bank in a research report. Political risk continues to be high after the European Parliament announced that it would vote in September 2018 on whether there is a ‘clear risk of a serious breach of EU values’ in Hungary.

This might have major repercussions for the nation’s voting rights. Hungary greatly relies on EU funding and an additional escalation in tension risks harming its economy. For now, the Hungarian forint appears well anchored due to the nation’s solid current account position and investment grade credit rating. The EUR/HUF pair is expected to consolidate around recent levels. Unconventional policy easing by the Hungarian central bank has been unsuccessful in considerably deterring forint buyers and the central bank appears to be in no hurry to hike interest rates in spite of the headline inflation hovering near target.

“At current levels, the risks to our forecasts are fairly balanced. We forecast EUR/HUF at 307 at end 2018”, added Lloyds Bank.

FxWirePro launches Absolute Return Managed Program. For more details, visit http://www.fxwirepro.com/invest

  • ET PRO
  • Market Data

Market-moving news and views, 24 hours a day >

October 17 03:00 UTC Released

KRBroad Money

Actual

3725804.5 KRW

Forecast

Previous

3713635.6 KRW

October 17 03:00 UTC Released

KRMoney Supply Growth

Actual

6.2 %

Forecast

Previous

6.2 %

January 31 00:00 UTC 373291373291m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 373291373291m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 385111385111m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 373291373291m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 22 19:00 UTC 385111385111m

ARTrade Balance

Actual

Forecast

Previous

-1541 %

January 31 00:00 UTC 373291373291m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 373291373291m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

January 31 00:00 UTC 373291373291m

ARAnnual Primary Balance*

Actual

Forecast

2016 bln ARS

Previous

Bln AR bln ARS

Close

Welcome to EconoTimes

Sign up for daily updates for the most important
stories unfolding in the global economy.