Currency Forecasts

The yuan will continue heading steadily higher against the US dollar throughout the rest of the year as it continues to gradually trend its way towards our year-end target of CNY6.7000/US$.... 2008-06-26

The Reserve Bank of India (RBI) appears eager to defend the rupee at INR43.00/US$, which is a key short-term support level. A break through this would take the rupee into a weaker... 2008-06-13

The taka should remain stable at around BDT68.60/US$, as it has for much of 2007. Resistance exists at BDT67.80/US$, and support at BDT69.00/US$. In the event of renewed volatility,... 2008-05-29

The rupee looks set to remain stable at LKR107.80/US$ in the near term, as the central bank maintains the de facto peg with the US dollar. Despite the rising trade deficit, the rupee... 2008-05-22

The recent reversal of the dong reveals the dilemmas facing the central bank, and by extension the government, in deciding monetary policy. We still believe the government is committed... 2008-05-15

We remain cautious towards the baht in the immediate term, and see the likelihood of a test of support at THB31.95/US$. If that level is breached, then a further decline to THB33.00/US$... 2008-05-08

The ringgit will soon test the post-revaluation high of MYR3.1400/US$, set on April 11, as it continues its ascent against the greenback. While the currency will remain vulnerable... 2008-04-18

Having weakened slightly after failing to breach resistance at IDR9,040/US$, the rupiah now looks set for a period of consolidation. We expect the unit to continue trading around... 2008-03-27

The kip has appreciated by more than 5% since the start of 2008, tracking the rapid gains of the Thai baht. This is unsurprising, given that Thailand is by far Laos' biggest trading... 2008-03-06

Although there have been reports that the Monetary Authority of Singapore (MAS) is restraining the Sing dollar's appreciation, the currency could soon break resistance at SGD1.3950/US$,... 2008-02-28