Currency Forecasts

Following the push through key resistance at around ZAR8.2000/US$ on May 27, the South African rand has scope to make further modest gains towards the ZAR7.7500-7.5000/US$ area over... 2009-06-04

The rally in the Turkish lira since the beginning of March has the potential to run further, with our short-term target set at TRY1.4700/US$. Certainly, the movement of the currency... 2009-06-04

The Mauritian rupee has gained x% since May x to trade at one point at MUR33.00/US$ on May 14. From a technical perspective, key support at MUR32.70/US$ is important, with a break... 2009-05-14

The KES80.00/US$ level is providing strong support, and there have been several false breaks of late. Continued range trading around KES80.00/US$ looks likely for the near term. In... 2009-04-16

With the global recession to weigh heavily on South Africa's current and financial accounts over the course of 2009, we expect further rand depreciation throughout the year, with... 2009-03-16

The Israeli shekel continues to push lower, putting our short-term ILS4.30/US$ target in sight. The possibility of a further rate cut by the Bank of Israel (BoI) in the coming months,... 2009-03-05

Recent trading bodes well for our long-held view that the Angolan kwanza will be devalued. The currency has been closing at the AOA75.50/US$ level over the past few days, while intervention... 2009-03-05

With the worsening global economic context weighing heavily on the global copper complex, we maintain a bearish stance on the Zambian kwacha, seeing further weakness in 2009. Our... 2009-01-15

Despite bouncing somewhat in December 2008, the Iranian rial has resumed its depreciatory trajectory in line with our bearish view and has once more fallen through the psychologically... 2009-01-15

The Zambian kwacha is testing key support at ZMK4,700/US$, but given our view that copper, which was trading at US$3,435/tonne at one point on December 4 2008, is likely to head even... 2008-12-04