Currency Forecasts

The won will remain vulnerable as equity outflows and rising global risk aversion combine with current account deficits to push the currency lower. The won is currently being supported... 2008-02-21

The rupee looks set for further strength in the near term, having breached 11-year trendline resistance at LKR108.00/US$ to trade at a 13-month high of LKR107.60/US$. Should the current... 2008-02-07

The recent appreciation of the dong suggests that the government has finally accepted the need for a stronger currency to fight rising inflation. If so, then this would represent... 2007-12-06

The ringgit is currently experiencing a period of weakness on the back of renewed risk aversion, as fears over the US economy and global credit markets keeps investors wary of emerging... 2007-11-29

After rising steadily for the past several months, the Thai baht has become noticeably more volatile over the past couple of weeks, in the run up to December's elections, even though... 2007-11-15

The kina looks set to remain broadly stable at a seven-year high of US$0.3400/PGK (PGK2.77/US$) in the near term, with an appreciating bias. Prime Minister Michael Somare's election... 2007-10-18

Having remained extremely stable throughout most of the May-July period, Cambodia's riel has been gradually weakening since the middle of August towards support at around KHR4,050/US$.... 2007-10-11

The rupiah's inability to transcend key resistance at IDR9,050/US$ last week, combined with technical indicators suggesting that the currency is now in overbought territory, leads... 2007-10-04

The Sing dollar's break through key resistance at SGD1.5000/US$ bodes extremely well for a currency that is already benefiting immensely from ongoing dollar weakness and central bank... 2007-09-27

For now, the won will remain vulnerable to equity outflows and rising global risk aversion. Strong support exists at KRW950.00/US$, a break through which would take the unit to KRW960.00/US$.... 2007-08-30