Currency Forecasts

The Czech koruna's recent rally to the upper band of its almost 12-month appreciatory trading range since December has likely run out of steam. The currency has bounced off key resistance... 2011-02-15

Having retreated from its post-financial crisis highs posted in December 2010, to trade at MNT1,250/US$ at one point on February 14, the Mongolian togrog looks primed for further upside.... 2011-02-14

The Russian rouble is currently our favourite European currency, with a mixture of upcoming interest rate hikes, elevated oil prices and expected foreign capital inflows set to propel... 2011-02-10

Having clawed back above US$1.6000/GBP by November 2010, the British pound subsequently lost momentum, trading down to US$1.5599/GBP at the year's close. Following its failure to push... 2011-01-05

The Ukrainian hryvnia has come under increasing downside pressure in recent months, and we believe that the National Bank of Ukraine (NBU) will gradually let the hryvnia depreciate... 2010-12-06

Pressures on the Mongolian togrog remain fundamentally appreciatory, and we see scope for further strength for the unit against the US dollar in the near term. With the unit having... 2010-10-21

Having formed a rounding pattern through August-September, the British pound is now retesting major resistance at US$1.5800/GBP. On a technical basis, a decisive push through this level... 2010-09-29

Recent downside pressures on the Ukrainian hryvnia, which have resulted in central bank interventions to stem depreciation, are unlikely to continue in our view. Indeed, we highlight... 2010-09-08

Having rebounded from its all-time lows in the ALL139.00/EUR area in the first quarter of 2010 to trade as high as ALL135.55/EUR at one point in mid-May, the Albanian lek has since... 2010-07-13

Mirroring the ongoing euro bounce, the British pound continues to edge higher following heavy selling in May. Having hit a low of US$1.4230/GBP on May 20, the subsequent rally has pushed... 2010-06-21