EUR/HUF could test new lows below 384 – ING

Hungary's Minister for EU Funds will meet representatives of the European Commission in Brussels to discuss locked EU funds today. Economists at ING analyze HUF outlook.

Negotiations are moving in a positive direction

According to previous information from the Hungarian side, all the problems should be resolved by the end of November. The timetable has not been set but we will probably see some headlines on this topic.

For now, it seems that the negotiations are moving in a positive direction, which should have been confirmed today.

If the progress in negotiations is confirmed, we could see EUR/HUF test new local lows below 384.