Analytics / Forex News
EUR/HUF expected lower in 12-month – Danske Bank Pablo Piovano
11:23 23 May /2016 Forex
Jakob Christensen, Head of EM Research at Danske Bank, expects the Hungarian Forint to advance further within a year’s time.
“Due to a combination of looser monetary policy and weakening economic growth, the HUF has weakened slightly more than expected”.
“We could see further weakening of the forint as we approach the UK EU referendum in June”.
“However, in the base case of the UK staying in the EU, we expect a gradual strengthening of the forint over the next year as growth is also expected to strengthen”.
“Hence, we forecast EUR/HUF at 317 on 1M, 312 on 3M-6M and 310 on 12M”.
to other newsall news
Analysts at Westpac explained that the USD continues to be left in the doldrums as markets look for fresh direction from the new US President. Key Quotes:"Traction post- inauguration has been poor (and saw the NZD soar to close to 0.7275 overnight), but as we note below, at face val
02:00 25 January /2017 Forex
Currently, Gold is trading at 1209.42, down -0.72% on the day, having posted a daily high at 1220.26 and low at 1206.73.Today's $14.00 pullback in Gold, according to market sources is due to 'profit taking.' Investors and traders around
01:23 25 January /2017 Forex