Currency Forecasts

With the US-China Strategic and Economic Dialogue scheduled for May 24- 25 in Beijing, the markets still appear to be expecting some form of agreement on yuan appreciation. However,... 2010-05-19

Following a major breakthrough to the downside in late March, the Japanese yen could be due a temporary reprieve. As we had suspected, the unit has come up against firm support at... 2010-04-07

A turn in momentum, coupled with a breather in local equities, suggest that the Indian rupee could be vulnerable to a near-term correction. In the event of a sell-off, however, we... 2010-03-25

On a fundamental basis, the KRW has a lot going for it. However, we believe that the appreciatory bias suggested by South Korea's attractive fundamental picture will be tapered by... 2010-03-03

We expect the latest devaluation of the Vietnamese dong to VND19,100/US$ to decrease downside pressure on the unit in the short term as it is now better aligned to market conditions.... 2010-02-11

While the Philippine peso has held up relatively well in the face of widespread Asia FX weakness, we are maintaining a near-term depreciatory bias. Technically speaking, we expect... 2010-02-04

Although the bullish trend for the Thai baht is still intact, we are not convinced that the Bank of Thailand (BoT) will countenance major currency strength until the export recovery... 2010-01-20

Following nine months of appreciation against the US$, we now expect the Singapore dollar to remain range bound between SGD1.3780/US$ and SGD1.4063/US$ over the short term. Critical... 2009-12-09

We maintain a positive bias on the Taiwanese dollar despite attempts by the local authorities to curb speculative activity. In our view, the unit remains fundamentally undervalued,... 2009-12-03

The rupee should remain broadly stable now that Pakistan's official stock of foreign reserves has returned to pre-crisis levels. However, we are maintaining a slight depreciatory... 2009-11-05