HUF appears under pressure near term – Danske Bank

The Hungarian Forint is expected to face some headwinds in the next months, suggested Head of FI Research at Danske Bank Arne Rasmussen.

Key Quotes

“In the EM sphere, HUF has been under double pressure lately from a weaker EUR/USD and trade war concerns rising: if US tariffs hit German producers, it would have a large impact on the Hungarian manufacturing sector”.

“While the cyclical outlook remains favourable for HUF, its vulnerability has increased on external factors even if monetary tightening may lie ahead”.