Currency Forecasts

Our near-term outlook for the Algerian dinar is neutral. The currency has been in a multi-quarter downtrend against the US dollar, and the unit traded at DZD74.33/US$ on December 16.... 2011-12-16

Our near-term outlook for the Syrian pound is bearish. After trading in a tight sideways band for over five months in the SYP47.40/US$ range, the currency has since sold off and was... 2011-11-18

We expect range trading over the near term for the Ugandan shilling, as a series of fundamentally supportive factors bolster the currency's recent sharp gains, while further appreciation... 2011-11-08

Although the Ghanaian cedi has tentatively staged a comeback following the sharp sell-off witnessed in October, we are not convinced that the currency will hold its ground. Rather,... 2011-11-02

The Egyptian pound looks set to continue trading in a tight sideways band against the US dollar in the near term. Having initially weakened from EGP5.8030/US$ in January to EGP5.9500/US$... 2011-11-01

Our near-term outlook for the Iranian rial is neutral. The currency recovered from a short-term sell-off in September to trade at IRR10,631/US$ on October 9, and we foresee sideways... 2011-10-11

We expect that the Zambian kwacha will remain at about its present level (ZMK4,920.00/US$ at the time of writing), as the currency is supported by a strong balance of payments position... 2011-09-09

Our near-term outlook for the Israeli shekel is bearish. We expect the unit, which was testing support at ILS3.6300/US$, to depreciate against the greenback in the near term, and have... 2011-09-05

After a period of volatile trading the shilling appears to have found some stability of late, creeping higher from record low territory to TZS1,614.00/US$ at one point on August 31.... 2011-08-31

We expect that due to intervention by the Bank of Uganda (BoU), the shilling, which is currently threatening to reach record lows not seen since the end of June, will appreciate beyond... 2011-08-04