Danske Bank view of stabilisation and mild strength across CEE in RUB, PLN, CZK and marginally HUF appears to be playing out.
Key quotes
“EUR/PLN to see downward pressure as virus concerns in the global economy ease.”
“EUR/HUF continues to drift higher and HUF strength is likely to prove short-lived.”
“EUR/CZK has stabilised but near term likely sideways to slightly lower.”
“USD/RUB has likely overshot its fair value and we continue to be optimistic on RUB, 75.00 in 12M.”
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