Currency Forecasts

The Czech koruna pushed through resistance at CZK26.80/EUR on April 17, and has since slipped further to trade at CZK26.88/EUR at one point on April 23. In light of this breach, we... 2009-04-23

Having remained committed to its medium-term depreciatory trend channel since Q408, the Croatian kuna is now showing signs of making a break to the upside. The unit has edged closer... 2009-04-20

While the Swedish crown has bounced substantially through March and early April on the back of the broad lift in global risk appetite, we caution that further immediate gains are... 2009-04-09

The Hungarian forint has bounced to trade at HUF297.72/EUR at one point on April 8 from HUF305.00/EUR at the start of the previous week, and we see potential for this bounce to run... 2009-04-08

The Bank of Mongolia 's decision to hike its key policy rate by 425bps to 14.00% on March 10 has succeeded in temporarily reversing the togrog's depreciatory trend. After hitting... 2009-04-02

We expect the Azeri manat to continue to trade at AZN0.8116/US$, a level which has remained unchanged since October 7, 2008. That said, we stress that the risk of a devaluation by... 2009-03-19

We believe the Swiss National Bank (SNB) will continue with its quantitative easing through the second and third quarters of 2009, leaving interest rates effectively at zero while... 2009-03-06

While the Romanian leu breached short term resistance at RON4.2816/EUR, the unit did not maintain sufficient momentum to make significant further gains, trading at RON4.2800/EUR on... 2009-03-05

We are short-term bearish the Turkish lira, expecting the unit to move back toward a six-year support level at TRY1.7600/US$. Failure to breach a key trendline resistance level at... 2009-02-25

The Hungarian forint fell through our short-term target of HUF273.00/EUR to trade at HUF280.68/EUR at one point on January 15. Going forward, we anticipate further depreciation, and... 2009-01-15