Bank of America
FX Outlook 2026: Structural Dollar Headwinds
LIVE5 December 2025USD bearish
Back to CurrenciesBullish
USD/HUF
HUF offers attractive carry with improving fundamentals. April elections are key
BofA Forecast Path
Cross-Firm Forecast Comparison
Key Drivers
High carry
April election risk
Cheap valuations
CEE growth recovery
All Firm Targets (Dec '26)
JPMBullish308.00
ING305.00
GS300.00
BARCBullish300.00
MUFG298.00
MS295.00
BofABullish292.00
DBBullish288.00
Analysis Summary
HUF offers attractive carry with improving fundamentals. April elections are key risk but expected to maintain market-friendly policies. Valuations are cheap relative to CEE peers.