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soalbundy

what's going on with the Thai Baht

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anyone else notice how the Thai Baht has been consistently creeping up in value every day against Dollar,Pound,Euro and probably others.

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1 minute ago, simoh1490 said:

Markets are looking for The Pound to remain flat for most of the year and then potentially rise based on (if) good Brexit news.

 

The Baht is mid tourist season so THB demand is high, exporters are getting anxious.

 

The weakness remains with USD which fell again yesterday on (bogus) news out of China about bond buying.

 

Soooo, it's all about USD weakness.

That's what I thought at first as well but even the Euro is under pressure against the Baht

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4 minutes ago, soalbundy said:

That's what I thought at first as well but even the Euro is under pressure against the Baht

I'm pretty confident it's the China Bond thingy, somebody reported that China was considering not buying any more US bonds, that along with bond yields passing the 2.50% mark - the news on both those things was later found to be either false or not unusual, expect THB to weaken as a result would be my guess.

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53 minutes ago, simoh1490 said:

Shouldn't Trump be labelled as a currency manipulator then! :shock1:

Nah his just a moment in time.

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3 hours ago, simoh1490 said:

I'm pretty confident it's the China Bond thingy, somebody reported that China was considering not buying any more US bonds, that along with bond yields passing the 2.50% mark - the news on both those things was later found to be either false or not unusual, expect THB to weaken as a result would be my guess.

Should start around March this year.....???

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16 hours ago, tonray said:

As bond yields rise the dollar becomes more attractive and usually strengthens along with interest rates. The pending NAFTA withdrawal potential which would be very damaging to the US economy is what is pressuring it over the last few days but Trump's instability (regardless of his genius) is what is lowering demand for dollars as the US relinquishing economic clout to China continues.

The issue IMO is that the market is pricing in a ton of new bond issuance in 2018. In 2017 Bonds were over subscribed in 2018, particularly with an infrastructure bill on the horizon it is likely Bond offerings will be under subscribed. Probably some nascent inflation being priced in as well.

Edited by lannarebirth
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BANGKOK 17 July 2018 20:35
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