Jump to content

News Forum - Thai baht depreciates against US dollar


Recommended Posts

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 […]

The story Thai baht depreciates against US dollar as seen on Thaiger News.

Read the full story

Link to comment
Share on other sites

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.

Link to comment
Share on other sites

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 by KaptainRob
Irrelevant image removed
Link to comment
Share on other sites

Join the conversation

You can post now and register later. If you have an account, sign in now to post with your account.

Unfortunately, your content contains terms that we do not allow. Please edit your content to remove the highlighted words below.
Reply to this topic...

×   Pasted as rich text.   Paste as plain text instead

  Only 75 emoji are allowed.

×   Your link has been automatically embedded.   Display as a link instead

×   Your previous content has been restored.   Clear editor

×   You cannot paste images directly. Upload or insert images from URL.


  • Create New...

Important Information

By posting on Thaiger Talk you agree to the Terms of Use