Citi Books 1.3% Profit on Forint Trade

Citi strategists took profit on a long HUF position versus CZK, earning a 1.3% return since April 27.
The trade was executed via forwards, including a 2‑year forward HUF receiver versus euro.
Citi maintains a positive outlook on the forint, expecting EUR/HUF could dip below 350 if energy prices stay low.
The bank cites the incoming Tisza government’s steps to secure EU funds by August as a potential catalyst for a forint rally.