Free Trial

UniCredit Say HUF Likely to Remain Exposed to Gradual Depreciation in the Medium-Term

HUF
  • UniCredit say the HUF will likely benefit in the short term from the signal that the NBH is reacting to excess FX volatility. The outcome of the European Council meeting on 1 February remains the next key event for the HUF.
  • However, the add that in the medium term, the HUF is likely to remain exposed to gradual depreciation as the erosion of positive interest-rate carry may halt the current appreciation trend in the real effective exchange rate while EU relations may continue to keep risk premiums elevated relative to the HUF’s regional peers.

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.