Currency Forecast - BRL: Moderate Weakness Ahead - MAY 2014
Emerging FX Monthly May 2014 / Brazil / Economy
We maintain our view that the Brazilian real will range trade between BRL2.200/USD and BRL2.450/USD in the coming months, remaining in its long-term downtrend. Indeed, despite a rally in recent...
Currency Forecast - MXN: Stronger Peso Driven By Investor Differentiation - MAY 2014
Emerging FX Monthly May 2014 / Mexico / Economy
We expect the Mexican peso (MXN) to strengthen in the coming months, bolstered by improving investor sentiment and stronger economic activity. The peso is currently testing key resistance around...
Economic Analysis - EGP - Depreciatory Pressures To Build - MAY 2014
Emerging FX Monthly May 2014 / Egypt / Economy
We expect stability in the Egyptian pound over the coming three-to-six month horizon, with the currency to trade between the range of EGP6.9000/USD and EGP7.1000/USD. We see little to suggest that...
Currency Forecast - PLN: Tight Trading Range Across 2014 - MAY 2014
Emerging FX Monthly May 2014 / Poland / Economy
Despite growing regional tensions between Ukraine and Russia, volatility in the zloty has remained relatively low, highlighting Poland's strong structural profile and the zloty's reduced exposure...
Currency Forecast - EUR Rally Will Hit The Buffers - MAY 2014
Emerging FX Monthly May 2014 / Economy
Having hit an inflexion point in early 2013, the euro continues to defy gravity as passive monetary tightening and a current account surplus have kept the beleaguered single currency well above its...
Global Market View - Global Strategy - FX - MAY 2014
Emerging FX Monthly May 2014 / Global / Economy
Despite the ongoing strength of the US economy and signs that the Federal Reserve is edging closer to the point at which it can start hiking interest rates, the euro and British pound have still...
Currency Forecast - COP: Relative Strength Through Rest Of The Year - MAY 2014
Emerging FX Monthly May 2014 / Colombia / Economy
We believe that the 5.8% rally the Colombian peso experienced since early-March against the US dollar is broadly over and expect a modest correction in the coming weeks. The peso is currently...
Currency Forecast - KZT: Following Devaluation, Mild Depreciation - MAY 2014
Emerging FX Monthly May 2014 / Kazakhstan / Economy
The Kazakh tenge will remain within a three KZT trading range on either side of KZT185.00/USD over the next three to six months. Following the surprise devaluation in February, which saw the unit's...
Currency Forecast - RSD: Beyond Short-Term Boost, Moderate Weakness Ahead - MAY 2014
Emerging FX Monthly May 2014 / Serbia / Economy
With the Serbian dinar recently breaking long-term technical resistance, we see a case for further short-term moderate appreciation, with the dinar to strengthen to RSD114.80/EUR over the next few...
Currency Forecast - JPY: Slight Bullish Bias - MAY 2014
Emerging FX Monthly May 2014 / Japan / Economy
We continue to see the January 2 low as marking the low for the depreciatory cycle, and believe that the bias will be towards yen appreciation over the next several months. A break of JPY101.00/US$...