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EUR/HUF Holds Day's Gains as EU Presser Concludes

HUF
  • EUR/HUF holds close to the session's best levels, higher by 0.6% on the day following the mixed reception of the fact-finding mission for EU lawmakers to Budapest. The lawmakers found further issues with fund implementation, despite noting 'positive developments'.
  • The lawmakers declined to provide a specific timeline, leaving an element of near-term uncertainty, despite ministerial comments this moving proving more positive.
  • The cross sits within range of 371.805 - the earlier intraday high - having undergone a 0.8% bounce off the cycle low printed Tuesday.

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