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Thai Baht Resilience to Persist

We expect the Thai baht to remain resilient against the US dollar despite ongoing regional currency weakness. This owes to our expectations for the Thai economy to recover over the coming quarters,...

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Tanzania: Further TZS Weakness Ahead

The Tanzanian shilling (TZS) has depreciated by 5.8% against the dollar since the start of the year and there is little chance of this trend meaningfully reversing over the next few months. Indeed,...

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Japanese Equities to Rally Further

Since the start of 2015, Japanese equities have embarked on an impressive rally, with the Topix Index (TPX) returning approximately 13.0% in USD terms. Having broken through resistance at around the...

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