News Forum - Thai baht depreciates against US dollar

[Thaiger]

After a recent surge of strength by the Thai baht earlier this month, it has now depreciated against the US dollar. As of today, December 16, the baht now stands at about 35 per USD, according to an executive at Kasikorn Research Center, Kanchana Chokpaisarnsilp.  Yesterday, the baht was at 34.92 per USD, Daily News reported. Market strategist Poon Panichphiboon said the US financial market is turning to more risk-off conditions amidst concerns that the Federal Reserve’s rake hike trend.   According to the latest US economic data, retail sales in November contracted -0.6% from the previous month. This was much […]

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[Wackamole]

It was just the usual everyday fluctuation. How does that warrant an article?

[Soidog]

12 hours ago, Wackamole said:

It was just the usual everyday fluctuation. How does that warrant an article?

It doesn’t warrant it at all. 
 

I just love the way articles like this are presented. Loads of financial cliches and jargon aimed at making people who don’t understand it think these people are intellectual.

The downside of the negative uptick in commodity equity easing will result in outflow of capital likely to upset sentiment in the liquidity holdings.

[TWS60]

Well, I don't understand how a certain set of conditions, actions, variables, etc., can have a predictable effect in one direction, and then the opposite just a couple of months later.  

Admittedly unscientific ignorance, naturally replaced with cynical speculation and conspiracy theories , but seems to me that whenever the Thai Baht Masters get a weed up their nose and weigh in with a "prediction" about the exchange rate re-settling in their 34/35 to the Dollar sweet spot, that's what happens.  Like magic.  

 

Edited December 17, 2022 by KaptainRob
Irrelevant image removed