Currency Forecasts

Despite a lack of bullish divergence on the relative strength index, the Indian rupee should enjoy a decent bounce against the US dollar given the currency's deeply-oversold nature... 2012-01-18

We hold a bearish view on the IDR over the short term. Although Bank Indonesia (BI) has been intervening heavily of late in order to maintain the IDR9,000/US$ level, we do not believe... 2011-12-08

Despite a lack of bullish divergence on the relative strength index, the Indian rupee should enjoy a decent bounce against the US dollar given the currency's deeply-oversold nature... 2011-09-28

The Thai baht's recent attempt to surpass its previous peak of THB29.50/US$ was interrupted by a sharp selloff across global risk assets. Following an impressive run in July where the... 2011-08-18

Even with its mammoth external surpluses, the Singapore dollar has come a long way against the greenback in 2011, and a corrective period looks in order. We would not be surprised to... 2011-08-03

We hold a moderately bearish view on the Indonesian rupiah in the near term. The unit has been edging stronger in recent weeks to a multi-year high of IDR8,505/US$. While we cannot... 2011-06-07

The Japanese yen looks set for choppy range trading in the near term, with trendline support - currently at JPY85.00/US$ capping any meaningful weakness. Meanwhile, a move down to JPY76.30/US$... 2011-05-18

In line with our long-term view, the taka has weakened over the recent months. Indeed, it has depreciated much more rapidly than we initially expected, surpassing our previous end-2011... 2011-05-12

While the two-year appreciatory trend in the Philippine peso is still intact, we prefer to take a neutral stance on the currency in the short term amid external headwinds in the form... 2011-03-24

Despite heightened risk aversion over the past month, we note that the Taiwanese dollar (TWD) has held its key resistance-turned-support level of TWD29.95/US$. Moreover, while Taiwanese... 2011-03-21