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...
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 - 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...
Currency Forecast - MUR: Continuing To Test Resistance - MAY 2014
Emerging FX Monthly May 2014 / Mauritius / Economy
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...
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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...
Economic Analysis - Peso To Strengthen Amid Improving External Fundamentals - MAY 2014
Emerging FX Monthly May 2014 / Philippines / Economy
We remain technically bullish on the Philippine peso, which has recently broken through resistance convincingly, and looks set to strengthen towards PHP43.50/US$ over the coming months. On the...
Economic Analysis - Rupee Anchored As CBSL Looks To Boost Reserves - MAY 2014
Emerging FX Monthly May 2014 / Sri Lanka / Economy
We expect the Sri Lankan rupee to remain fairly stable against the US dollar over the course of 2014, as the improvement seen in the external accounts for 2013 will likely continue this year, while...