Trading Patterns

EUR/HUF to trend higher amid the risk of withdrawal of funds – Commerzbank

New 100 euro currency,money on banknote counting machines

The EU Commission is surely tightening the thumbscrews, threatening Hungary to withhold funds. Subsequently, economists at Commerzbank assume the EUR/HUF pair to race higher.

Risk top class on HUF
“The truth that the EU is getting serious need to make the market recognise that the danger is actual and that Hungary might also have to forgo considerable sums. However, because the Hungarian authorities has already proven its will for agreement, the danger top class on the HUF may also be particularly lower.”

“The technique poses draw back dangers for the HUF as lengthy as it is now not clear what the EU Commission’s ultimate selection will be. Therefore, EUR/HUF is probably to style higher.”

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