Currency Forecasts
Ghana
The cedi is set to see accelerated losses towards GHS1.2000/US$ in the short term owing to fundamental downside pressure as well as the actions of the Bank of Ghana. The accelerated...
2008-11-10Uganda
The Ugandan shilling has been battered by the wave of risk aversion amid escalation of the credit crisis and concerns for global economic growth. Having broken through multi-year...
2008-10-31Morocco
Although we had forecast a 'hard and fast' resurgence in the dollar during the second half of the year, the move has been both harder and faster than even we had anticipated. As a...
2008-09-11South Africa
Following a seven-month trading high of ZAR7.1580/US$ reached at the beginning of August, the South African rand has weakened by more than 14.5% to at one point trade at ZAR8.2400/US$...
2008-09-10Egypt
We turned bearish on the Egyptian pound on August 4, since when the unit has depreciated by 3.8% . Indeed, the situation has worsened considerably since then, mainly on the back...
2008-08-08Ghana
BMI View: The beleaguered Ghanaian cedi should receive some support over August-September from privatisation inflows and the sale of the annual cocoa crop, bringing the currency back...
2008-08-07Nigeria
In line with the Central Bank of Nigeria (CBN)'s mandate to protect the currency's 'international value', the naira has opened and closed in the narrow band between NGN117.65/US$...
2008-07-24Kenya
The Kenyan shilling's fall through the key KES66.50/US$ support level is a negative technical signal, setting up further potential losses to KES70.00/US$. The unit traded at KES66.69/US$...
2008-07-10
