Goldman Sachs Cuts EUR/HUF Forecast to 345

Goldman Sachs lowered its EUR/HUF forecasts to 355 (3‑mo), 350 (6‑mo) and 345 (12‑mo) from 390/380/375.
The bank initiated a short EUR/HUF trade with a target of 350 and stop‑loss at 372, citing fiscal and inflation improvements.
Hungary’s incoming Tisza government, holding a two‑thirds parliamentary super‑majority, is expected to unblock EU funds and advance euro adoption, boosting the forint.
Goldman Sachs referenced Slovakia’s 20% koruna appreciation during euro convergence as a parallel, indicating potential for similar forint gains.