0717 GMT [Dow Jones] Raiffeisen sees little movement in EUR/HUF as
markets are starting to show their "summer form." Notes HUF remains
firm despite concerns about budget stability upon the launch of a new
government program and renewed tensions between the government and the
central bank. Attributes the lack of an unfavorable reaction to the
developing lull. Raiffeisen traders see EUR/HUF in the range of 284.70
to 286.90 Tuesday. EUR/HUF is 284.20 vs 285.25 late Monday.
(gergo.racz@dowjones.com)
Contact us in London. +44-20-7842-9464
Markettalk.eu@dowjones.com
(END) Dow Jones Newswires
July 03, 2012 03:17 ET (07:17 GMT)
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