2012.06.06 09:57:42 MARKET TALK: Delay to Hungary-IMF Talks to Continue - BBH

0757 GMT [Dow Jones] The delay to the start of talks between Hungary and the IMF is expected to continue, taking EUR/HUF to break the 308 level tested last Friday and setting up a test to the January high at 324, says Win Thin, an economist at Brown Brothers Harriman. Thin notes the market is overly optimistic about an IMF/EU deal with Hungary, while the country attributes delays to starting official talks on a bailout plan to slow decision making by the European Commission. Hungary wants a financial deal of around EUR15 billion. EUR/HUF is at 300.16. Thin sees a support level at the 200-day moving average near 298.(veronika.gulyas@dowjones.com) Contact us in London. +44-20-7842-9464 Markettalk.eu@dowjones.com (END) Dow Jones Newswires June 06, 2012 03:57 ET (07:57 GMT)