Booming investment In Hungary
The EUR/HUF was able to break 300 level on the word of the governor of the National Bank of Hungary, as he said that NBH has no interest rate, exchange rate of unemployment rate target, they are focusing on inflationary development. Based on the latest figure he sees further room for cautious rate cuts, and he added that makes no sense to speculate on rate hike in the near future. We see the first strong resistance level around 303 in EUR/HUF.
Read the full report: FX Daily
KBC