Currency Forecasts

The Moldovan leu has depreciated in recent days to trade at MDL12.00/US$ on December 11. Having pushed through key support at MDL11.20/US$, the technical picture now suggests that... 2009-12-11

The Romanian leu has appreciated sharply in recent days and is currently testing key resistance at RON4.2000/EUR. On a purely technical basis, a decisive breach of this level would... 2009-12-03

The Ukrainian hryvnia has maintained its steady appreciatory momentum since the end of Q309, with the unit briefly trading above UAH8.0000/US$ for the first time since August in late... 2009-12-02

On the back of renewed US dollar strength and risk aversion in recent days, PLN/EUR (a proxy for trade in EUR/US$) has returned to the weaker end of its appreciatory trend channel.... 2009-10-28

We retain a very bullish view on the Russian rouble over the short run, with the push into a new higher trading range above RUB36.30/basket on October 7 acting as a particularly strong... 2009-10-20

As a result of a weak tourism season, as the eurozone headed deeper into recession during H109, the Croatian kuna has appreciated by 'only' 1.7% against the euro year to date, compared... 2009-10-13

Having hit a record low of ALL136.00/EUR on September 25, the Albanian lek has since strengthened slightly to trade at ALL134.25/EUR at one point on October 2. With the currency trading... 2009-10-02

Following its precipitous sell off during H208 and early 2009, the Romanian leu has since stabilised during the second quarter, remaining committed to a RON4.1200-4.2500/EUR band.... 2009-09-08

The Ukrainian hryvnia continues to come under sustained downside pressure, highlighted by its recent fall to a multi-month low of UAH8.4380/US$ on August 24, a level not hit since... 2009-08-26

Having firmly pushed through key resistance dating back to mid-2008 in July, the technical picture is supportive of further appreciation for the Czech koruna. We target a move to... 2009-08-20