A gradual depreciation of HUF vs. EUR is likely, but analysts at TD Securities still expect the Forint to record positive returns when accounting for carry.
“We don’t see any room for EUR/HUF to permanently move below 400. We think that a gradual HUF spot depreciation in the order of magnitude of 5-10% is in the interest of the NBH. As such, we think that EUR/HUF will gradually move higher through 2023 and end the year at 425.”
“Unless EUR/HUF falls notably below 400, the NBH will probably attempt to ease the longer-term rates first, rather than the overnight rate.”
“May and June will likely be a period of increased EUR/HUF volatility as EU member states will need to extend the current sanctions on Russia linked to Russia’s invasion of Ukraine.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Flaunt Weeekly Flaunt Weeekly Pastor Iren Emmanuel - I'm Not Afraid LyricsEmbrace the power of…
Flaunt Weeekly Flaunt Weeekly Zuchu LyricsJoin us for a musical exploration of the intense emotions…
Flaunt Weeekly Odumodublvck has finally addressed the scary stage collapse that happened at the Nativeland…
Flaunt Weeekly TAIPEI, TAIWAN – Media OutReach Newswire – 23 December 2024 – The 2024…
Flaunt Weeekly Flaunt Weeekly More than three years later, Universal Music Group (UMG) and the…
Flaunt Weeekly Around the world, it’s time for year-end school concerts and Haiti is no…