ECONOMYThe almighty baht set to fall further despite rate cuts

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aloha11x
Beiträge: 7
Registriert: Do Mär 19, 2020 5:58 am

ECONOMYThe almighty baht set to fall further despite rate cuts

Beitrag von aloha11x » Do Mär 26, 2020 9:46 am

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A lot has changed for the baht.
It was only months ago that The Bank of Thailand considered drastic measures to rein in the rambunctious baht, whose massive gains in currency markets made it the darling of speculators. In December Kasikorn Bank released a report outlining reasons the baht “will remain strong into 2020.” The bank’s research arm forecast the baht would move in a range of 30.1 – 30.5 baht to the US$ for the next few quarters at least. (As of today exchange rate is 32.83 US$ to 1 baht) They warned then that Thailand’s November export data would likely to be in negative territory, another victim of the “continuing strength of the local currency.”
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vonir
Beiträge: 3517
Registriert: Mo Mär 30, 2020 10:30 am

Re: ECONOMYThe almighty baht set to fall further despite rate cuts

Beitrag von vonir » Sa Apr 04, 2020 7:17 pm


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