Currency Forecasts

The recent decision by the Central Bank of Russia (CBR) to make daily interventions in the foreign exchange market to reduce rouble speculation suggests that a revaluation of the... 2008-05-23

The Serbian dinar continues to experience volatility against the euro, at one point trading at RSD82.61/EUR on May 15. Going forward, further instability for the unit lies ahead,... 2008-05-15

Having breached key resistance at PLN3.4800/EUR and currently trading at PLN3.4070/EUR on May 9, further strengthening of the zloty is possible over the short term. The strength of... 2008-05-09

The Armenian dram has depreciated by 1.57% ytd against the dollar, at one point trading at AMD306.75/US$ on April 2. Going forward, the technical pattern points to potential weakness... 2008-04-03

The Azeri manat continues to appreciate against the dollar, gaining 1.0% ytd to trade at AZN0.8430/US$ on February 28. Both the technical and fundamental outlook for the unit remains... 2008-02-28

Hitherto, we have highlighted the stability offered to the Romanian banking system by significant capital injections from Western banking groups. This has prevented a classic asymmetrical... 2008-02-21

We expect further weakness for the Polish zloty in the short term, with a move to PLN3.7000/EUR looking likely. A firm breach of this level would set up the unit for further depreciation... 2008-02-14

Following the Czech koruna's record high of CZK25.77/EUR on January 15, the unit has since showed some sign of weakness, currently trading at CZK26.08/EUR. We believe that this is... 2008-01-17

We expect the Bank of Mongolia (BOM) to continue to allow the togrog to make gains against the dollar in the short-term, with a quick move to a key resistance level at MNT1160.00/US$... 2007-12-12

The Serbian dinar continues to weaken amidst heightened uncertainty over global credit markets, the central bank's interest rate cut of 25bps on September 29, and concern that Kosovo's... 2007-11-29