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BNPP Remains EUR/HUF Seller

Forex News: BNP Paribas says despite the ongoing global credit and financial market jitters it remains a seller of EUR/HUF, targeting 227.0. However, it wouldn't hesitate to revert to long EUR/HUF positions on a break of the 234.0 level, it adds. EUR/HUF is at 232.70. Expects the resurgence in low yielders CHF and JPY to continue to put pressure on emerging Europe currencies.




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