Currency Forecasts

The taka should remain stable at around BDT68.50/US$, as it has since early 2007. Resistance exists at BDT67.80/US$, and support at BDT68.90/US$. In the event of renewed volatility,... 2008-12-11

The Australian dollar has stabilised around US$0.6400/AUD, but faces key support at US$0.6200/AUD. A drop below that level could coincide with another sharp rate cut at the Reserve... 2008-11-28

The Thai baht has been knocked about by the gyrations on financial markets and ongoing domestic political woes, shedding over 12% versus the US dollar since mid-March. Gazing forth,... 2008-10-30

We have been reinforced in our view that the Vietnamese government will let the dong slip towards VND17,000/US$ by end-08 in order to support a continued improvement in the trade... 2008-10-23

Amid the current climate, we caution that volatility will continue to be the key watchword. While we continue to expect the ringgit to trend lower towards our new year-end target... 2008-09-25

Having broken below support in the PHP46.50/US$ area, we are anticipating further misery for the peso as the country's macroeconomic woes persist and the greenback continues its resurgence.... 2008-09-18

Singapore's dollar looks poised for further weakness over the near term as the return of the greenback continues to undermine the currency. Since reaching an all-time high of SGD1.3438/US$... 2008-08-22

While we expect the won to remain under pressure over the near-term, the Bank of Korea (BoK)'s policy of intervening in the forex market to strengthen the currency in order to curb... 2008-07-31

The rupee has been subject to sharp volatility over recent months on the back of deteriorating fundamentals, a soaring oil import bill, sagging FX reserves and political turbulence.... 2008-07-03

The yuan will continue heading steadily higher against the US dollar throughout the rest of the year as it continues to gradually trend its way towards our year-end target of CNY6.7000/US$.... 2008-06-26