Currency Forecasts

Efforts by the Banco Central de Costa Rica (BCCR) to reduce upside pressure on the exchange rate have so far proved ineffective, and as a result we believe the government will now take... 2010-10-26

Having broken decisively through multi-month resistance at CLP485.00/US$, the Chilean peso is looking strong. Now trading around the CLP480.00/US$ level, a break through which would... 2010-10-11

The Guatemalan quetzal is currently experiencing its seasonal sell-off against the US dollar, as increased imports to meet fourth quarter sales demand have seen the GTQ/US$ exchange... 2010-09-30

The Mexican peso has been hit harder than most regional currencies in recent trading, and with risk aversion still gripping global markets we anticipate further short-term losses against... 2010-08-24

Having depreciated consistently since the start of 2010, the Argentine peso is taking something of a breather, trading within a narrow ARS3.9200-3.9400/US$ range since the start of... 2010-08-18

The Colombia peso has been one of the major regional outperformers over recent weeks, and we see little to threaten the currency's performance over the near term. The break through... 2010-07-30

With the euro staging something of a relief rally against the US dollar in recent days, we see scope for the Brazilian real to gain modestly relative to the greenback in the very near... 2010-07-07

Having repeatedly failed to punch through multi-month trendline resistance in Q210, our near-term outlook on the Chilean peso is decidedly bearish. That the unit has remained firmly... 2010-06-29

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.... 2010-06-24

As we suspected, President Hugo Chávez's attempts to bring the parallel rate under official control are not working, with evidence suggesting other black market rates are springing... 2010-06-23