Currency Forecasts

The Russian rouble looks poised for a breakout against both the dollar and dollar-euro basket it is managed against. We highlight resistance at RUB30.50/US$ and RUB36.50/basket as... 2009-08-03

Following the 18% devaluation of the Kazakh tenge in early February, the National Bank of Kazakhstan has since resumed management of the de facto dollar peg, with the unit trading... 2009-07-29

We expect the Albanian lek to remain within its trading range of ALL128.50-133.00/EUR through the remainder of the year. With external demand for key exports unlikely to improve significantly... 2009-07-06

Having gained some momentum over the course of February and March, the Polish zloty now appears to have run out of steam, trading within a PLN4.6000 - 4.2000/EUR band since the beginning... 2009-07-01

We believe that the Hungarian forint is set to continue its range trading between HUF275.00/EUR and HUF290.00/EUR through the short term. That said, we do expect the unit to slip... 2009-06-23

After recording record losses in the latter half of 2008, the Serbian dinar has stabilised against the euro to trade in a wide band with resistance at RSD93.00/EUR key to watch on... 2009-05-14

Having lost over 60% of its value since the fourth quarter of 2008 and testing record lows near UAH9.2000/US$ in late February, the Ukrainian hryvnia has since stabilised markedly.... 2009-05-13

Having lost over 60% of its value since the fourth quarter of 2008 and testing record lows near UAH9.2000/US$ in late February, the Ukrainian hryvnia has since stabilised markedly.... 2009-05-13

Having endured a precipitous decline during H208 and through the early months of 2009, the Polish zloty has since started to pare its losses against the euro, appreciating around... 2009-05-08

We believe that the Russian rouble's recent rally has the potential to run further in the short term alongside an extension of the bull run in global financial markets. Having appreciated... 2009-04-29