webfact Posted December 1, 2020 Share Posted December 1, 2020 BOT role seen in slight weakening of baht By THE NATION The baht opened at 30.28 to the US dollar on Tuesday, weakening from 30.26 at close on Monday. The Thai currency is likely to move between 30.18 and 30.38, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities. On Monday night, the S&P 500 and Stoxx 600 fell by 0.9 and 1 per cent, respectively. Also, the price of WTI crude oil and gold dropped by 0.7 per cent. Jitipol explained that investors had sold their assets for cash. This situation increased the US and German Ten-Year Treasury yields by 1 and 1.5 basis point to 0.85 and minus 0.57 per cent. In Thailand, the baht weakened slightly after the Bank of Thailand (BOT) possibly acted to control the exchange rate. However, several currency traders believed that the BOT measures will not sharply obstruct capital flows into the country. In the next phase, Jitipol said that Thai stocks could be sold for speculation like in the US. The movement would pressure investors to sell their risk assets and later weaken the baht. Source: https://www.nationthailand.com/news/30398880 -- © Copyright The Nation Thailand 2020-12-01 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post kotsak Posted December 1, 2020 Popular Post Share Posted December 1, 2020 1 3 Link to comment Share on other sites More sharing options...
1Gringo Posted December 1, 2020 Share Posted December 1, 2020 entirely insufficient. 1 Link to comment Share on other sites More sharing options...
Popular Post RichardColeman Posted December 1, 2020 Popular Post Share Posted December 1, 2020 3 hours ago, webfact said: BOT role seen in slight weakening of baht 3 hours ago, webfact said: The baht opened at 30.28 to the US dollar on Tuesday, weakening from 30.26 at close on Monday. I'm guessing up next will be an Oscar nominated Thai action movie about the dramatic intervention of the BOT to move the baht 0.02 ! 2 2 Link to comment Share on other sites More sharing options...
keith101 Posted December 1, 2020 Share Posted December 1, 2020 It seems every time these people put out info about the baht weakening it goes in the other direction and gaining in value so obviously they have no idea what they are doing IMO . 1 Link to comment Share on other sites More sharing options...
hotchilli Posted December 1, 2020 Share Posted December 1, 2020 2 hours ago, RichardColeman said: I'm guessing up next will be an Oscar nominated Thai action movie about the dramatic intervention of the BOT to move the baht 0.02 ! I'll sleep a little easier tonight. 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted December 1, 2020 Share Posted December 1, 2020 24.99 on USD. Tell me again how BoT helped to weaken the Baht. Link to comment Share on other sites More sharing options...
Recommended Posts
Create an account or sign in to comment
You need to be a member in order to leave a comment
Create an account
Sign up for a new account in our community. It's easy!
Register a new accountSign in
Already have an account? Sign in here.
Sign In Now