26 Jul 2019
Financial Markets
The Baht weakened against the US dollar. The Baht fell early to mid week amid expectations that the Fed might not aggressively cut its policy rate in the near future. The Baht’s weakness was also in line with net foreign bond selling orders. Meanwhile, the US dollar rose on the budget deal between the Congress and President Trump’s administration, as well as the IMF’s upward revision to the US 2019 GDP outlook. Also, market participants became more cautious towards the Fed’s stance at its meeting scheduled for the end of this month after US economic data came out stronger than expected. ... Read more
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