Currency Forecasts

The Mexican peso has surged 3.7% against the US dollar since mid-March 2011, and while we see potential for a short-term retracement, this should not throw the peso off its medium-term... 2011-04-12

We continue to like the Chilean peso on a long-term basis due to the economy's strong fundamentals. However, following the surprise currency intervention in January, we have decided... 2011-04-06

While the Venezuelan fixed exchange rate regime remains overvalued, we believe that the short-term outlook for the bolívar is stable. For one, the currency devaluation in January will... 2011-03-17

With appreciatory pressures remaining robust and the US dollar on the back foot, we believe that the real is again set to test the BRL1.6500/US$ level in the very near term. However,... 2011-03-09

The recent rally in the Guatemalan quetzal is testing our bearish outlook for the currency, but we are not yet convinced that this is anything more than seasonal appreciation. January... 2011-03-03

Barring short-term selling pressure in the last few days of 2010, our projection that the Trinidad & Tobago (T&T) dollar would stay range bound between TTD6.2800-6.3300/US$... 2011-02-07

Having broken through multi-month trendline resistance at PEN2.8400/US$ to trade at PEN2.8280/US$ on June 24, the short-term technical outlook for the Peruvian sol is certainly bullish.... 2011-02-02

While the pace of depreciation has slowed in recent months, we see little threat to our view that the Argentine peso will continue to weaken against the US dollar in both the short... 2011-01-27

Following several months of weakness the Colombian peso pulled back in recent trading, breaking through technical resistance at COP1,900/US$ to resume an appreciatory trend. With momentum... 2011-01-12

The resultant widening of interest rate differentials between Paraguay and major developed economies, combined with the country's strong growth outlook, will in our view make holding... 2010-12-09