1 Jun 2018
Financial Markets
The Baht weakened slightly. The Baht fell to the weaker side of THB32.00/USD in early to mid week, along with weak regional currencies and net foreign selling orders for Thai stocks, while the US dollar also gained, especially against the Euro, pressured by concern about political uncertainty in Italy. However, the Baht rebounded somewhat later in the week on net foreign bond purchases. Meanwhile, the US dollar fell on fading concerns about political situation in Italy and renewed uncertainty about trade policy about the US and their trading partners.... Read more
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11 May 2018
The Baht broke the THB32.00/USD to hit a 4-month low of THB32.22/USD. The Baht fell, while the US dollar extended gains on expectations of the Fed’s rate hikes, boosted by surging global oil prices and higher inflationary concerns. However, the Baht pared those losses later in the week, as the dollar faced sell-offs on a weaker-than-expected US CPI report. ... Read more
The Baht weakened further against the US dollar. The US dollar rose on US economic data, including industrial production, and Philadelphia Fed business outlook survey that came out stronger than expected, as well as the rising US bond yields. US 10-year Treasury bond yield hit its highest level since 2011. The Baht’s losses were also led by net foreign stock and bond selling orders later in the week.... Read more
4 May 2018
The Baht weakened to nearly THB31.75/USD. It appreciated early in the week, while investors sold the US Dollar somewhat to adjust their positions before the latest Fed meeting. However, the Baht pared those gains and weakened later on Thai bond sell-offs by foreign investors. The US Dollar was also supported by the Fed announcement of the US inflation that was closer to the target.... Read more
27 Apr 2018
The Baht hit a 2-month low. The Baht fell, while the US dollar rose along with the rising US bond yields. US 10-year yield surged to above 3%, the highest level in 4 years. In addition, the weak Baht was also in line with net stock and bond selling orders of foreign investors during the week. ... Read more
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