Currency Forecasts

The Jamaican dollar, which operates under a managed float system, has continued to weaken sharply since mid-2005, setting new lows almost on a monthly basis. While a reversal in the... 2007-02-15

The Cayman Islands have recovered considerably from Hurricane Ivan. The country will continue to post large trade deficits over the forecast period, but inflows from financial services... 2007-02-08

We continue to forecast exchange rate stability for the East Caribbean (EC) dollar, as there are few major external threats to the currency's 30-year-old peg to the US

The Chilean peso failed to breach key resistance at CLP523.00/US$ in December, and as we had anticipated has since sold off. The unit broke below 18-month trendline support at CLP531.02/US$... 2007-01-11

We envision short-term stability in the Guyana dollar, as the country's economy continues to recover from devastating floods in 2005. In the medium to long term, however, we forecast... 2007-01-05

The Argentine peso has experienced a slight appreciation since the beginning of October, rising by 1.1% from ARS3.1051/US$ to ARS3.0723/US$ on November 24. The currency has recently... 2006-11-30

We hold a very positive view on the strength of the Uruguayan economy (especially after the stellar growth results in H106), but the currency still has not seen any significant appreciation... 2006-11-23

The Honduran economy looks solid, with robust growth ( BMI projects real GDP expansion of 4.5% in 2006 and 4.4% in 2007) and falling inflation. The improving macroeconomic environment... 2006-11-16

The peso has continued to drift steadily lower since mid-April, heading towards DOP33.50/US$, largely due to high global commodity prices and the central bank's dollar purchasing... 2006-11-09

After having traded around trendline support at CLP538.00/US$ during August and September, the Chilean peso has bounced significantly, breaching our short-term resistance target of... 2006-10-26