Wednesday, 3 October 2012

Raiffeisen Sees EUR/HUF Moving On Intl Events

Raiffeisen sees EUR/HUF moving on international events following the patterns of the past days in the absence of significant domestic developments. Raiffeisen traders see EUR/HUF trading in a range of 285.00 to 287.50 Wednesday and expects the trend of HUF moving on global events to continue unless there are specifics in the government's talks on an international financing agreement. Hungary expects the talks to continue mid-October but Raiffeisen says there are many uncertain details and the next round of negotiations may be delayed. EUR/HUF is 285.90 vs 286.07 late Tuesday.

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