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EUR/HUF Slips Off Highs as Sources See EU On Track to Approve Funding

HUNGARY
  • Reuters cites sources in reporting that the European Commission is on track to approve this year billions of euros in EU funds for Hungary, with up to €14.7bln in payments at stake.
  • The piece adds that the payment approval would be conditional on Orban continuing to improve the independence of courts as well as anti-corruption safeguards.
  • EUR/HUF fades off highs, returning to trade in only minor positive territory having hit 415.53.

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