In 2017 though, the unit will resume an
appreciatory trajectory as stronger copper prices and production boost trade dynamics while investor-friendly policies toward the mining sector bolster foreign investment.
We therefore remain largely neutral on the MYR against the US dollar with a slightly
appreciatory bias over the coming years, and forecast the unit to end 2016 at MYR4.1000/USD.
Meanwhile, social networking sites are abuzz with
appreciatory comments for the "Get Lucky" performance.
The Swiss National Bank has set a ceiling on the Swiss franc's value versus the euro in the face of substantial
appreciatory pressures resulting from the eurozone sovereign debt crisis.
We therefore remain largely neutral on the MYR against the US dollar with a slightly
appreciatory bias over the coming years, and expect the currency to end 2015 at MYR4.2000/USD before appreciating further to MYR4.0000/USD by end-2016.
The SBP's move to weaken the rupee by 2.0% on August 21 reflects growing real effective
appreciatory pressure on the currency amid continued US dollar strength.
We remain largely neutral on the Malaysian ringgit against the US dollar with a slight
appreciatory bias over the coming years.
[ClickPress, Mon Aug 26 2013] We expect further
appreciatory pressure on the Thai baht, which will negatively impact the country's exports over the course of the current year.
Downside Risks To Real Growth Forecasts: A hard landing in the Chinese economy would weigh heavily on global trade volumes, and spur further
appreciatory pressure on the Swiss franc, thereby eroding export competitiveness further.
Following the Philippine peso's recent sell-off as a result of strong hot money outflows following a bout of global risk aversion, we note that
appreciatory and depreciatory forces on the currency are relatively in balance.
