Currency Forecasts

The rupee appreciated sharply in Q107 after hitting a 25-month low of PKR61.01/US$ at the start of January, but it has seen more volatility since the start of March. The unit has... 2007-04-12

The ringgit hit a nine-year high of MYR3.4465/US$ on March 27, having surged through major resistance at MYR3.4900/US$ a week earlier. Although it has retreated from its peak, the... 2007-03-29

The Taiwan dollar has bounced off four-year trendline support at TWD33.10/US$, following hints that the US Fed may cut rates. However, the unit continues to look weak, and a break... 2007-03-22

India's rupee failed to breach strong resistance in the INR43.80-44.00/US$ area, instead falling back to INR44.21/US$. The currency's failure to advance reflected ongoing intervention... 2007-03-15

The Singapore dollar is hovering close to its recent 9¼-year high of SGD1.5239/US$, having weathered a global correction in emerging market equities and currencies. However, an extended... 2007-03-01

The riel saw sharp appreciation against the US dollar in Q406, rising from KHR4,150/US$ to KHR4,050/US$ by the end of 2006. However, the unit has barely moved since the start of 2007,... 2007-02-08

Although the dong has appreciated since late November 2006, from a record low of VND16,103/US$, it is too soon to call this a decisive turnaround. However, the State Bank of Vietnam... 2007-01-18

The rupee has come under renewed pressure since the start of 2007, having fallen from LKR107.50/US$ to LKR108.60/US$. Two recent bus bomb attacks in government-controlled territory... 2007-01-10

The yuan ended 2006 at a post-revaluation high of CNY7.8051/US$, falling shy of our CNY7.7200/US$ target. Overall, appreciation last year was a modest 3.4%. The unit has breached... 2007-01-05

The yuan ended 2006 at a post-revaluation high of CNY7.8051/US$, falling shy of our CNY7.7200/US$ target. Overall, appreciation last year was a modest 3.4%. The unit has breached... 2007-01-04