EUR/HUF trading is seen to be rangebound amid expectations that there will be no news on the domestic front, with investors only making moves as a result of IMF/EU-related developments. The ball is in Hungary's court and the government has said it only wants to sign a "good" financial deal, which could mean a long process until an agreement is actually finalized, Raiffeisen says. The bank expects EUR/HUF to trade between 284 and 286.2. EUR/HUF is currently at 285.14, virtually unchanged from late-Monday levels, even after data this morning show Hungary's inflation in August accelerated more than expected, to 6% from the same month last year.
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