Currency Forecasts

While we remain fundamentally constructive towards the Polish zloty over the long term, we believe that the near-term potential for upside is limited. Poland's position as one of the... 2011-08-02

The first half of the year has proven volatile for the Turkish lira as ongoing uncertainty over the future trajectory of monetary policy and the rapidly expanding current account deficit... 2011-06-21

We believe that recent weakening of the Serbian dinar against the euro is likely to continue through the short term, as the move by the central bank moving towards monetary loosening... 2011-06-16

Our broadly constructive outlook on the Hungarian forint over the past few months has played out nicely, with the unit having appreciated by 4.9% against the euro since the start of... 2011-05-03

We remain bullish on the Polish zloty and target a move towards PLN3.9100/EUR in the near term. However, while we view the currency as being on a fundamentally appreciatory path over... 2011-04-26

The Serbian dinar has twice failed to break through resistance at the RSD102.00/EUR level and has since retreated to trade at RSD103.40/EUR at one point on April 1. In the short term,... 2011-04-01

The Ukrainian hryvnia has traded inside the National Bank of Ukraine's official target around the UAH7.9500/US$ level in recent weeks, suggesting to us that more appreciatory pressures... 2011-03-07

The Croatian kuna is fast approaching the lower limit of its recent trading range at HRK7.4400/EUR and we see increasing scope for the kuna to bounce against the euro in the near term.... 2011-03-04

The Turkish lira has had a volatile start to the year, coming under considerable selling pressure after the central bank complimented a 50 basis points (bps) cut in December with an... 2011-02-24

The Serbian dinar broke a two year long depreciatory trend at the end of 2010, and has since strengthened to RSD103.52/EUR on February 16 from RSD106.11/EUR at the start of the year.... 2011-02-16