💱US Dollar/Hungarian Forint FX Spot Rate
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US-Iran headlines trigger sell-off in CEE FX, EUR/HUF jumps 1.2% implying HUF weakness
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%.
US-Iran headlines trigger sell-off in CEE FX, EUR/HUF jumps 1.2% implying HUF weakness
Middle East tensions and US-Iran headlines cause risk-off, weakening EUR vs USD