Africa Analysis

Currency Forecast - MUR: Continuing To Test Resistance - MAY 2014

We hold a neutral view on the Mauritian rupee over the short term, believing that it will remain fairly stable over the next month or so. Although we forecast an appreciation over the course of the year, the currency has so far struggled to make a determined break through a major resistance line at MUR30.05/USD, breaching it tentatively on three occasions in the past two months only to then...