2012.05.24 10:39:49 MARKET TALK: SocGen Sees Further HUF Weakening Ahead

0839 GMT [Dow Jones] SocGen sees further HUF weakening ahead absent a concluded financing agreement with international lenders and pressure from a weak economic backdrop. After EUR/HUF breaking the 300 mark on Wednesday, Societe Generale expects further HUF weakening from deteriorating international investor sentiment and the lack of progress on the start of negotiations of an aid package. "We are happy to stick to our longs in TRY/HUF, EUR/HUF and PLN/HUF on the FX side and 2-year HUF IRS payer in rates," it says. EUR/HUF is 301.28 vs 302.37 late Wednesday. (gergo.racz@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires May 24, 2012 04:39 ET (08:39 GMT)