Forint is not out of the woods, yet
Updated
Despite some modest HUF strenghtening EURHUF looks always bullish as hell. Hungary's central bank MNB announced bigger steps in rate hikes, projecting 8% by the end of the year. Plus, elections coming ahead and none of the results favouring HUF in the short term. Viktor Orban's 4th consecutive win would give HUF a great pressure, assuming the continuation of the forint weakening. A change in the governing political party would lead the country to a really uncharted territory with unknown political actors and measures.
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Ok, so OV won again. I expect forint to reach 400 in this year if no hard measures are taken against forint weakening, what is unlikely.Note
Ah, and if for some reason forint gains some momentum just double down on your buys. Safe profit for 4 years at least I guess.
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