Oil-driven stress and EUR/HUF focus – ING
ING’s Frantisek Taborsky argues that Central and Eastern European markets remain highly exposed to the US–Iran conflict and rising Oil prices. While local data from Hungary, Turkey and Poland are due, he expects geopolitics to dominate. After Friday’s sharp rates sell-off, he sees renewed pressure on regional FX, especially EUR/HUF, where long HUF positioning is being unwound. Geopolitics and…











