Currency Forecasts

Back in February, we argued that a technical rebound was due for the Thai baht after it failed to break below the 200 day moving average (see 'THB: Technical Rebound In Sight', February... 2011-03-18

We expect the Korean won (KRW) to likely remain range bound in the coming weeks due to a combination of opposing forces. On one hand, accelerating inflation could dominate policy direction... 2011-03-09

After trading sideways through H210, in line with our view of rupiah underperformance against its Asian peers, the Indonesian rupiah finally broke through key resistance at around IDR8,880/US$... 2011-02-24

The Japanese yen looks weak against the US dollar and a number of crosses, and we think recent losses will follow through. The strong historical correlation between JPY/US$ and US 2-year... 2011-02-16

The TWD/USD spot rate is currently testing the key TWD30.00/US$ resistance level and a decisive break could provide a further appreciatory boost to the TWD, possibly bringing the spot... 2010-11-09

We continue to see TWD strength against the USD in the short-term, with the TWD/USD spot rate possibly testing the TWD31.30/US$ resistance level along the current trend line. We note... 2010-09-23

Despite a further extension to the Bank of Japan (BoJ)'s monetary easing efforts, we believe that global deflationary concerns and dampening risk sentiment will continue to support... 2010-08-31

Since the People's Bank of China announced it would allow greater yuan flexibility back in June, allowing more two-way trade, we have seen just that. The CNY/US$ rate strengthened from... 2010-08-26

In line with our expectations, the Sri Lankan rupee has edged steadily upwards in 2010 on the back of a stronger external balance sheet, fiscal improvements, and solid economic recovery... 2010-08-02

Concerns over the sovereign debt situation in the eurozone have sparked a renewed wave of risk aversion and we believe that the Indonesian rupiah is unlikely to be let off the hook.... 2010-05-20