Currency Forecasts

Having broken through its five-year narrow trading band to the weak side, the Argentine peso looks poised for further depreciation. The currency is currently trading at ARS3.3660/US$,... 2008-10-29

Solid macroeconomic fundamentals and an increasingly mature financial sector continue to drive the Uruguayan peso to new multi-year highs, with the peso currently trading along key... 2008-07-03

Despite the Paraguayan guaraní's phenomenal run - the currency has appreciated by some 36% since early 2006 - BMI sees scope for further gains versus the dollar, at least in the... 2008-06-19

We have trimmed our end-2008 FX forecast for the Peruvian sol to PEN2.6500/US$ from PEN2.5000/US$ previously. Central bank interventionary measures and deteriorating (albeit still... 2008-06-13

The Guatemalan quetzal continues to move in our favour, strengthening by 3% to around nine-year highs of GTQ7.4100-7.4300/US$ so far in 2008. In the past, the central bank ( Banguat... 2008-06-04

Our short-term outlook for the Argentine peso remains unchanged despite the heightened activity in the exchange rate market - we still anticipate choppy range trading within the ARS3.1200-3.1900/US$... 2008-05-21

In the short-term, we expect the fast pace of the Colombian peso's appreciation to come off slightly and for it to consolidate its considerable upside gains thus far at around COP1,800/US$.... 2008-05-15

Since we started talking up the Mexican peso's prospects at the beginning of April, the currency has come into its own, bursting through 10-year resistance at MXN10.60/US$ to trade... 2008-04-18

Since we started talking up the Mexican peso's prospects at the beginning of April, the currency has come into its own, bursting through 10-year resistance at MXN10.60/US$ to trade... 2008-04-18

Current market momentum sees the Brazilian real heading towards short-term resistance at BRL1.6500/US$, a break of which will set up a move to the lower band of the unit's trading... 2008-04-09