Currency Forecasts
Kazakhstan
Despite maintaining the Kazakh tenge's de facto peg to the US dollar since mid-2007, trading within a KZT119.40-120.90/US$ range, the unit is showing increasing signs of weakness....
2008-12-03Azerbaijan
We retain our positive outlook on the Azeri manat, which at one point traded at AZN0.8115/US$ on August 21, taking the total gains to 4.3% ytd. We expect that further appreciation...
2008-08-21Hungary
We believe that the Hungarian forint has further to go in its present bull run after gaining 13.5% against the euro since early March. Having broken through a key resistance level...
2008-07-10Bulgaria
We believe that although the risks to the continuity of Bulgaria's fixed exchange rate regime have elevated recently, the Bulgarian National Bank (BNB) is likely to maintain the lev's...
2008-07-03Romania
Having firmly broken through a key resistance level on April 4, the Romanian leu has continued to appreciate, at one point trading at RON3.6185/EUR on June 5. This reduces the unit's...
2008-06-05Russia
The recent decision by the Central Bank of Russia (CBR) to make daily interventions in the foreign exchange market to reduce rouble speculation suggests that a revaluation of the...
2008-05-23Serbia
The Serbian dinar continues to experience volatility against the euro, at one point trading at RSD82.61/EUR on May 15. Going forward, further instability for the unit lies ahead,...
2008-05-15Poland
Having breached key resistance at PLN3.4800/EUR and currently trading at PLN3.4070/EUR on May 9, further strengthening of the zloty is possible over the short term. The strength of...
2008-05-09
