Hungarian Forint rally meets fiscal concerns, says Societe Generale

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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.

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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.

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