Forint Slides Past 363 as US-Iran Tensions Keep CEE Assets Under Pressure
Updated
Updated · tmgm.com · Jul 20
Forint Slides Past 363 as US-Iran Tensions Keep CEE Assets Under Pressure
2 articles · Updated · tmgm.com · Jul 20
Summary
EUR/HUF traded around 363 on Friday, near post-election levels, with the forint the hardest-hit CEE currency as risk-off sentiment from escalating US-Iran tensions persisted.
ING said the regional data calendar is too light to offset the global backdrop, leaving CEE assets driven mainly by the lack of clear de-escalation in the US-Iran conflict.
Hungary's central bank is still expected to cut rates by 25 basis points to 5.75%, while guidance on whether recent FX pressure alters that easing path will be closely watched.
Turkey's central bank is expected to hold at 37%, and Poland's central bank may still consider cuts, underscoring how monetary policy expectations are adding to pressure across the region.