PLN/HUF set to hit an all-time high at the 84 mark – TDS

Economists at TD Securities see value in being long PLN/HUF, which could rise to 84 in the coming months.

Hungary is in a slightly worse position than Poland

“We think that Hungary is in a slightly worse position than Poland.”

“Huge fiscal spending, wage pressure, risk of not receiving the EU funds and policy normalisation, which seems to have lost momentum, will not be doing the forint a favour.”

“PLN/HUF could reach an all-time high with the 84 mark well within reach in the coming months.”