Growing rate differential may support Kazakh tenge: Reuters poll

The Kazakh tenge may strengthen against the dollar this month as monetary easing...

FILE PHOTO: New 500 tenge banknotes are displayed in this picture illustration in Almaty, Kazakhstan November 22, 2017. REUTERS/Shamil Zhumatov/Illustrationmay strengthen against the dollar this month as monetary easing in the United States and Europe offsets concerns about the impact of slower global growth and trade wars, according to a Reuters poll.

The 12-month outlook was bearish, with all nine analysts forecasting a weaker tenge. The Central Asian nation’s currency has slid 1.3% against the dollar so far this year.

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