Hungary Rate Cut Expectation Weighs on EUR/HUF

The EUR/HUF currency pair is trading at Ft362.621 following a modest daily gain. The Magyar Nemzeti Bank (MNB) rate cut by 25 basis points to 5.5% is expected, which may lower borrowing costs and impact capital flows.

Societe Generale analysts anticipate this policy move, which could affect the EUR/HUF valuation. Despite the spot's modest advance, technical signals skew bearish, with a 54% probability of a downward move in the next 2 to 3 days.

The expected trading corridor is projected between Ft360.126 and Ft364.434, reflecting typical volatility levels relative to current prices.