OctaFX | OctaFX Forex Broker
Open trading account

EUR/HUF could test 300.00 in 12-month – Danske Bank

FXStreet (Edinburgh) - Analyst at Danske Bank Thomas Harr believes the Hungarian forint is poised for further appreciation within a year’s time.

Key Quotes

“While the low interest rate in Hungary is likely to keep the HUF attractive as a funding currency within the EM carry trade space, we continue to believe that Hungary’s fairly strong external position is likely to be supportive for the HUF in the medium term”.

“We expect EUR/HUF to trade around 310 in the coming one to three months but still look for modest medium-term appreciation against EUR, targeting EUR/HUF at 300 in 12M”.

BoJ: Further easing on the cards - ING

Research Team at ING, suggest that in Japan, it is looking extremely unlikely that inflation will reach 2% by the first half of next year as the BoJ had hoped, which has led some commentators to forecast further easing next week.
Read more Previous

Crude oil dropped below USD 45.00/barrel

Crude oil prices in the US fell below USD 45.00/barrel as PBOC’s rate cut announcement failed to impress commodity traders, but did lead to USD strength.
Read more Next
Start livechat