Probably coincides with the BOT cyclical intervention.
Thai Baht hits highs, BoT to take measures
Re: Thai Baht hits six year high, BoT to take measures
^ There was a huge dip back to 35 after that post. Now it's climbing again sitting at 36.4. If you look at the charts it seems each month it's a nose dive the first 15 days, then a climb the second 15 days back to just about where it was.
Probably coincides with the BOT cyclical intervention.
Probably coincides with the BOT cyclical intervention.
Governments are instituted among Men, deriving their just powers from the consent of the governed. Source
Re: Thai Baht hits six year high, BoT to take measures
Broke 37 today.
Governments are instituted among Men, deriving their just powers from the consent of the governed. Source
Re: Thai Baht hits six year high, BoT to take measures
Baht Looks to Bank of Thailand to Add Impetus to Nascent Rebound
Thai baht’s nascent recovery is set to solidify with the nation’s central bank seen sticking to its hawkish stance this week, a move that should help take the currency out of the doldrums of ongoing political uncertainty.
The Southeast Asian currency is poised to gain nearly 3% in July, after weakening for three straight months. While the rally can partly be attributed to dollar weakness spurred by bets that the Federal Reserve may be close to peak rates, Bank of Thailand’s hawkish stance may help extend its rally.
Most Asian central banks have paused rate increases in recent months, but the BOT has left the door open to another 25 basis points rate hike this week. Central bank Governor Sethaput Suthiwartnarueput said on July 19 he saw no need to abruptly adjust its current “gradual and measured” policy as economic recovery remained intact.
https://www.bloomberg.com/news/articles ... nt-rebound
Hard to believe a country without a government can still see its currency strengthen.
Thai baht’s nascent recovery is set to solidify with the nation’s central bank seen sticking to its hawkish stance this week, a move that should help take the currency out of the doldrums of ongoing political uncertainty.
The Southeast Asian currency is poised to gain nearly 3% in July, after weakening for three straight months. While the rally can partly be attributed to dollar weakness spurred by bets that the Federal Reserve may be close to peak rates, Bank of Thailand’s hawkish stance may help extend its rally.
Most Asian central banks have paused rate increases in recent months, but the BOT has left the door open to another 25 basis points rate hike this week. Central bank Governor Sethaput Suthiwartnarueput said on July 19 he saw no need to abruptly adjust its current “gradual and measured” policy as economic recovery remained intact.
https://www.bloomberg.com/news/articles ... nt-rebound
Hard to believe a country without a government can still see its currency strengthen.
Who is the happier man, he who has braved the storm of life and lived or he who has stayed securely on shore and merely existed? - Hunter S Thompson
Re: Thai Baht hits highs, BoT to take measures
Not having a government can be a lot less damaging than having one!!
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