Currency Forecasts

Malaysia's ringgit has come under pressure amid the recent bout of global risk aversion precipitated by US subprime mortgage fears. Subsequent concerns over the health of the US economy... 2007-08-29

BMI anticipates further depreciation of the rupee to LKR115.00/US$ this year, on the back of a slowing economy, widening trade deficit, and persistently high inflation.

Along with many EM currencies, the Taiwan dollar is suffering from risk aversion triggered by concerns about global credit conditions. Immediate support exists at TWD32.92/US$, a... 2007-08-02

After hitting a fresh 10-year high of THB33.12/US$ on July 11, the baht has consolidated gains, and could drift back towards THB33.80/US$ support, especially if foreign investors... 2007-07-19

Following a major surge between March and May, which came on the back of strong equity inflows and a continually weak dollar, the rupee has been trading at nine-year highs within... 2007-07-12

The yuan closed at CNY7.6132/US$ on June 29, taking appreciation against the US dollar in the first half of this year to 2.52%. It has since breached CNY7.5984/US$, and looks set... 2007-07-05

The taka should remain stable between BDT68.60/US$ and BDT69.30/US$, as it has for much of 2007. In the event of renewed volatility, which could be triggered by dramatic political... 2007-06-21

A move towards support at IDR8,850/US$ is more likely, in our view, than a move through resistance in the IDR8,700/US$ area in the near-term. We expect sharp gains during the first... 2007-05-24

The peso continues to hover close to its highest levels in six years, although it appears to have run out of steam in the near term. If the May 14 congressional elections fail to... 2007-05-03

The won hit a three-month peak of KRW925.70/US$ on April 19, boosted recently by strong foreign purchases of Kospi shares. However, the won's rise is likely to prompt the Bank of... 2007-04-19