Stabilisation and mild strength across CEE – Danske Bank

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.”