USD/HUF is the exchange rate of the US dollar against the Hungarian forint, a higher-yielding emerging-market currency from Central Europe. The forint is closely tied to the euro-area economy and EU relations. It has been one of the region's more volatile currencies, sensitive to National Bank of Hungary policy and shifts in global risk appetite.
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Societe Generale Sees CEE Currencies Weakening About 3% Against Euro
Societe Generale says Central and Eastern European currencies, including the Hungarian Forint, are set to weaken about 3% against the Euro this week as EUR/USD falls below 1.14. The bank attributes the regional currency weakness to policy risks. The call covers the CEE currency group as a whole, with the Hungarian Forint cited as one of the currencies affected.
USDHUF.FOREX · Monetary · Positive Societe Generale forecasts the Hungarian Forint, a CEE currency, to weaken about 3% against the euro on policy risks.
EURUSD.FOREX · Monetary · Negative Article notes EUR/USD falling below 1.14 amid CEE currency weakness and policy risks, a bearish euro signal.
GLE.PA · Capital · Neutral Societe Generale is the source of the FX forecast; no direct financial impact on the bank itself is described.
Hungary's Central Bank Holds Key Rate at 5.50%, Cuts Medium-Term Inflation Target to 2.5%
The Hungarian Central Bank kept its key rate at 5.50% while lowering its medium-term inflation target to 2.5% from 2028, a cautious stance that Commerzbank's Antje Praefcke says supports the forint. The MNB slightly raised its 2027 inflation forecast and will move to eight policy meetings per year. Commerzbank's Antje Praefcke reviewed the decision.
Hungarian Forint Recovery Tied to Euro Entry Story: ING
The Hungarian forint's recovery is tied to the euro entry story, according to ING's Chris Turner, after the National Bank of Hungary cut its policy rate by 25 basis points to 5.50%, with Chief Economist Peter Virovacz seeing a terminal rate of 4.75%.
USDHUF.FOREX · Monetary · Positive Hungarian central bank cut rates, weakening HUF, so USD strengthens relative to HUF.
ECBRATES.MM · Monetary · Negative Hungarian central bank cut rates, but this is about HUF yields, not ECB rates; ECB rates not directly affected, so ambiguous.
Commerzbank reports that Hungary's central bank, the Magyar Nemzeti Bank, cut its base rate to 5.50% but avoided pre-committing to further easing, stressing that September's Inflation Report will guide policy. The bank will monitor global rate hikes, which could limit the scope of future cuts. This cautious stance offers modest support for the Hungarian forint.
USDHUF.FOREX · Monetary · Negative MNB's cautious rate cut and no pre-commitment to further easing offers modest support for the forint, strengthening HUF against USD.
ECBRATES.MM · Monetary · Negative MNB rate cut to 5.50% signals easing, likely to lower Hungarian yields, but ECB rates are not directly affected; context only.
Hungarian Forint loses support against Euro amid external shocks and MNB easing
The Hungarian Forint has recently given back gains against the Euro as external shocks and an ongoing easing cycle by the Magyar Nemzeti Bank erode support, according to Commerzbank’s Tatha Ghose. The minutes of the central bank’s Monetary Policy Council meeting are seen as key for near-term direction.
NBH cuts rates to 5.75% and signals further easing, shaping forint outlook
The National Bank of Hungary cut its key rate to 5.75% and confirmed dovish guidance, signaling further easing in August and possibly beyond. ING strategist Frantisek Taborsky reports that markets have accepted renewed rate-cut pricing, and ING expects more dovish repricing.
Societe Generale reassesses Hungarian Forint rally after rate cuts
Societe Generale strategists have reassessed the Hungarian Forint's rally against the Euro following the Magyar Nemzeti Bank's decision to cut its policy rate to 5.75% and signal further easing. They expect a terminal rate of 5.0% by year-end and note that EUR/HUF has already bottomed near 348.59.
ING’s Frantisek Taborsky reports that the National Bank of Poland kept a neutral stance, with elevated uncertainty from Middle East tensions and CPI projections above expectations. US–Iran headlines triggered a sell-off in CEE rates and FX, with EUR/HUF jumping 1.2%.
Hungarian Forint rally meets fiscal concerns, says Societe Generale
The Hungarian forint has posted its strongest quarter since 2009, driven by a pro-EU shift and expectations of renewed access to EU funds, according to Societe Generale strategists. However, they caution that the EUR/HUF exchange rate is struggling to sustain breaks below the 350 level as fiscal risks emerge under Prime Minister Magyar.
USDHUF.FOREX · Monetary · Negative The article directly discusses the Hungarian forint rally and fiscal risks, which strengthen the forint (HUF) against the dollar.
EURUSD.FOREX · Monetary · Neutral The article discusses the Hungarian forint rally and fiscal concerns, which indirectly affect EUR/USD via EUR/HUF dynamics, but the direct impact on EUR/USD is limited.
Subdued inflation lets Hungary's central bank turn more dovish, says Standard Chartered
Subdued inflation in Hungary, supported by a strong forint and government measures, has allowed the National Bank of Hungary to adopt a more dovish stance, according to Standard Chartered's Saabir Salad.
Societe Generale expects Hungarian central bank to cut rates to 6.0%
Societe Generale analysts expect the Hungarian central bank Magyar Nemzeti Bank to cut rates by 25 basis points to 6.0%, citing improved sentiment after Peter Magyar’s election victory and an EU-friendly policy stance.
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