Currency Forecasts

Following the 10.1% sell-off since the turn of the year, the Jamaican dollar has found some stability at JMD87.00/US$. However, depreciatory pressures are being kept at bay by a multitude... 2009-03-04

With the Mexican peso having broken decisively through short-term support to close at MXN14.04/US$ on January 22, we expect the next key break to be to the downside, as Mexico's economic... 2009-01-23

Having taken out support around BRL2.3000/US$ on January 12 the Brazilian real looks set to head lower towards our short-term target of BRL2.4500/US$. The VIX volatility index has... 2009-01-15

The collapse in oil prices and rising political uncertainty have continued to force the Venezuelan parallel exchange rate weaker. The rate now stands at VEF5.55/US$ and we expect... 2009-01-08

The Peruvian nuevo sol should remain one of the better performing majors in Latin America in the short term, largely thanks to the central bank's eagerness to defend the currency... 2008-12-09

After drawing a line under our bullish outlook towards the Colombian peso back in August, the currency has sold off some 25% against the US dollar, to close at COP2,361/US$ on December... 2008-12-03

The ongoing weakening of the US dollar against major currencies could provide some support for the Brazilian real in the short term, potentially setting up a move towards our near-term... 2008-11-27

Having broken through its five-year narrow trading band to the weak side, the Argentine peso looks poised for further depreciation. The currency is currently trading at ARS3.3660/US$,... 2008-10-29

Having enjoyed 20% gains since we first highlighted its potential back in October 2006, it could be time to draw a line under our outright bullish Colombian peso outlook. High sensitivity... 2008-08-27

Solid macroeconomic fundamentals and an increasingly mature financial sector continue to drive the Uruguayan peso to new multi-year highs, with the peso currently trading along key... 2008-07-03