Forex News HUF could weaken to 235-237 versus the EUR on CZK's 2% fall Tuesday against the EUR after the Czech central bank surprises markets with dovish comments, while market consensus had been for a rate hike to come later this year, says ING. EUR/HUF of 235-237 would still support Hungarian disinflation. Hungarian government bonds, nevertheless, may weaken in sync with HUF, as usual. The mid-term bond outlook remains positive, however, and any weakness in the coming weeks may be a good buying opportunity. EUR/HUF is at 229.90.
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