Bank of America

FX Outlook 2026: Structural Dollar Headwinds

LIVE5 December 2025USD bearish

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USD/HUF

Name: Investment Bank FX Research Directory
Creator: FX Bank Forecast
License: https://fxbankforecast.com/terms
Keywords: bank FX research, investment bank reports, FX strategy, institutional research directory, bank forecasts

HUF offers attractive carry with improving fundamentals. April elections are key

Bullish

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

BARCModerately Bullish300.00

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.

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