EUR/HUF
EUR/HUF393.95HUF
Today
+0.02%
1 Week
-0.45%
1 Month
-0.16%
6 Months
+1.13%
Year to Date
+3.26%
1 Year
+2.90%
Key Data Points
Opening Price
393.83Previous Closing Price
393.89EUR/HUF Trading Strategy
Trading Strategy
Our preference: the upside prevails as long as 393.87 is support.
Alternative scenario
the downside breakout of 393.87 would call for 393.21 and 392.81.
Comment
the upside prevails as long as 393.87 is support.
EUR/HUF News
Bad news for the forint – Commerzbank
There are currently not so many arguments in favor of the forint.
HUF: Makes sense – Commerzbank
The Hungarian forint has recovered somewhat from its recent low while world markets were in turmoil.
HUF: July inflation undermines the August rate cut but supports the forint – ING
Thursday's inflation in Hungary surprised slightly to the upside with a rise from 3.7% to 4.1%, but there is a bigger surprise here compared to the National Bank of Hungary's (NBH) forecast of 3.8% year-on-year, ING’s FX strategist Frantisek Taborsky notes.
HUF: NBH rate cut confirms dovish market pricing – ING
The National Bank of Hungary delivered a 25bp rate cut to 6.75% yesterday, bringing it closer to its CEE peers again, ING’s FX strategist Frantisek Taborsky notes.
HUF: NBH tempted to cut rates again – ING
Today's meeting of the National Bank of Hungary (NBH) is the main event of the week in the CEE region.
HUF: It's all about the nuances – Commerzbank
In addition to the general development linked to its high beta with euro movements, today's interest rate decision by the Hungarian central bank (MNB) is also of interest for the Forint.
