Deutsche Bank
FX Blueprint 2026: The Great Rotation
LIVE12 December 2025USD bearish
Back to CurrenciesBullish
USD/HUF
HUF offers attractive carry and cheap valuations. April elections manageable ris
DB Forecast Path
Cross-Firm Forecast Comparison
Key Drivers
High carry
April elections
Cheap valuations
Central bank support
CEE 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 and cheap valuations. April elections manageable risk. Central bank supportive of forint stability.