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Forint at Bottom of EM Leaderboard Following USD Bounce

HUF
  • The bounce in the USD in recent trade has weighed on HUF, which had already been trading heavy prior to the uptick in the dollar.
  • The move higher in USD has pressed EURUSD to intraday lows, with single currency weakness subsequently driving euro-proxies lower. Nevertheless, the Forint notably underperforms with EURHUF last dealing above the 376.00 handle for the first time this week and HUF comfortably at the bottom of the EM pile. Elsewhere, USDHUF trades 1% in the green.

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