Currency Forecasts

The Egyptian pound continues to trade in a tight sideways band against the US dollar, with ongoing intervention by the Central Bank of Egypt (CBE) in the foreign exchange market limiting... 2011-08-03

The metical is approaching technical resistance at around MZN26.50/US$, a level that we believe will slow, if not halt, the currency's impressive gains of the last 12 months. Failure... 2011-08-02

The first half of 2011 was a torrid period for the Kenyan shilling. The unit lost close to 15% against the US dollar in the six months between January and mid-June and although it has... 2011-07-07

Our near-term outlook for the Iranian rial is bearish. Although the currency recovered from a major sell-off in June, we foresee a general depreciatory trend for the unit in the near... 2011-07-07

The technical picture for the South African rand is uninspiring at present. The currency is comfortably within key support at ZAR6.9000/US$ and key resistance at ZAR6.5400US$, and unless... 2011-07-06

Our view of the Zambian economy has remained largely unchanged since our last currency forecast update. Large investments into copper mining bode well for productive capacity, and our... 2011-06-08

Our near-term outlook on the Israeli shekel is bullish. The unit has appreciated steadily against the US dollar since the middle of May, and we foresee the possibility of further gains... 2011-06-07

After a relatively prolonged period of sideways trading at MZN31.00/US$, the metical appears to have finally pushed higher to trade at MZN30.00/US$ at one point on May 17. From a technical... 2011-05-18

The Ugandan shilling remains under pressure amid lacklustre export revenues and ongoing political unrest. The Bank of Uganda (BoU), believing that speculation has driven the currency... 2011-05-12

The Egyptian pound has posted slight gains against the dollar since mid-April, appreciating from EGP5.9665/US$ to EGP5.9365/US$ at the time of writing in mid-May. From a purely technical... 2011-05-11