Currency Forecasts

With the government announcing additional US dollar sales to the tune of US$40mn a day, the Chilean peso has flown to a nine-month high of CLP533.75/US$, taking out key resistance... 2009-06-24

An 8% rally in the Peruvian nuevo sol since early March has come on the back of the strong performance in global metals prices, particularly copper. However, we believe that markets... 2009-06-17

We are sticking with our view that the Argentine peso will continue to sell off over the course of the year towards our ARS4.8000/US$ target. The Banco Central de la República Argentina... 2009-06-08

Since our last Bolivian currency forecast, many things have changed. The Boliviano, and our outlook towards it, however, have remained pretty much the same. The unit remains at BOB6.9800/US$... 2009-06-03

Concerns over a possible devaluation of the Trinidad & Tobago dollar are overblown, in our view. While we acknowledge that downside pressures on the currency have intensified... 2009-05-21

The Costa Rican colon will trade at the floor of its prescribed exchange rate band over the coming months, which, in turn, will continue to widen by 20 centavos (CRC0.20) per trading... 2009-04-28

Expectations of continued expansionary economic policies and an official currency devaluation should see the parallel exchange rate (VEF*) continue to depreciate in the short term.... 2009-04-15

In line with our growing belief in a short-term reversal in global market trends, the Brazilian real looks set for a rally over the coming weeks, possibly months. As risk appetite... 2009-04-02

The Peruvian nuevo sol continues to rally after bouncing off seven-year trendline support at PEN3.2500/US$ in the first week of March. The sol's current run coincides with the recent... 2009-03-18

The Argentine peso should continue to grind lower against the US dollar in the months ahead, given our belief that the central bank, Banco Central de la República Argentina (BCRA),... 2009-03-11