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HUF: Morgan Stanley Recommend Long EURHUF Trade, Targeting 410

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CEEMEAEM BulletBulletGlobalEmerging Market NewsHungaryRegion

Morgan Stanley strategists recommended selling the Hungarian forint against the euro as they see macro backdrop continuing to deteriorate in the country, Bloomberg report citing a note by the bank's analysts.

  • They recommend going long EUR/HUF, with a target at 410, stop at 375.
  • “We don’t see any upside for Hungary regarding the blocked EU funds in the short term,” its strategists wrote in note.
  • “Both monetary policy and fiscal policy could be perceived as loose by the markets going forward,” they add.
  • “Although the elections for the next prime minister of Hungary are not until 2026, opinion polls suggest a highly uncertain outcome.”
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Morgan Stanley strategists recommended selling the Hungarian forint against the euro as they see macro backdrop continuing to deteriorate in the country, Bloomberg report citing a note by the bank's analysts.

  • They recommend going long EUR/HUF, with a target at 410, stop at 375.
  • “We don’t see any upside for Hungary regarding the blocked EU funds in the short term,” its strategists wrote in note.
  • “Both monetary policy and fiscal policy could be perceived as loose by the markets going forward,” they add.
  • “Although the elections for the next prime minister of Hungary are not until 2026, opinion polls suggest a highly uncertain outcome.”