HUF is likely to slide to 310/312 vs EUR, Raiffeisen says, citing delays to Hungary's efforts to start formal negotiations on a financial package from international lenders. HUF has hit a six-month low around 307. Hungary decided at the weekend to postpone amendments to its controversial central bank law, because the proposed suggestions wouldn't have met EU/IMF expectations. The postponement suggests further delays are likely. Raiffeisen expects muted market activity Monday and Tuesday because of bank holidays in London. Its traders expect a EUR/HUF range of 301.30 to 306.90 Monday. EUR/HUF at 304.52 vs 305.14 Friday.
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