Currency Forecasts

In line with our expectations, political jitters while Congress was counting the election ballots caused the peso to fall to an all-time low of PHP56.40/US$, before subsequently bouncing... 2004-07-08

As we suggested previously, the rupiah was oversold in early June, and has since bottomed out. Indeed, having bounced off a two-year low of IDR9,570/US$, it has now come back to IDR9,290/US$,... 2004-07-01

The baht has depreciated sharply in the last three months, as fears about ‘triple shocks’ (a US rate hike, Chinese slowdown, and high oil prices) and violence... 2004-06-25

As we suggested last month, the move above JPY112.00/US$ saw further rapid gains for the yen. However, the currency did not make it all the way to our short-term upside target of... 2004-06-03

President Arroyo appears to have won the election, but Fernando Poe Jr may challenge the result. A prolonged stand-off could see the peso fall through PHP56.00/US$, towards PHP56.20/US$,... 2004-05-25