Societe Generale Sees CEE Currencies Weakening About 3% Against Euro

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Summary · why it matters

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.

Impact on assets 3

Financials▲ · 1 stocks
Societe Generale S.A.
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± MixedCapitalrelevance

Societe Generale is the source of the FX forecast; no direct financial impact on the bank itself is described.

Others± Mixed · 2 stocks
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