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Looks like the BOT is buying the baht again

Adumbration
Adumbration
in Jobs, Economy, Banking, Business, Investments

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Some posts in violation of the following forum rule have been removed:

 

4. You will not express disrespect of the King of Thailand or any member of the Thai royal family whether living or deceased. You will not criticize the monarchy as an institution. Speculation, comments or discussion of either a political or personal nature are not allowed when discussing His Majesty The King of Thailand or the Thai royal family. You will not link to or discuss any website which breaches this rule.

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  • nigelforbes
    nigelforbes

    My previous post on this subject seems have been deleted, I wonder why!   Regardless, there is no evidence that BOT manipulates the Baht, most importantly it's not in their best interests to

  • Adumbration
    Adumbration

    No definitely not that because there are sudden and huge intra day swings in THB currency pairs.  Definitely intervention by the BOT.  Perhaps they are motivated to keep the baht as high as possible d

  • Jerno
    Jerno

    Yes it seems.  But they need to be careful that they don't get  onto the USA currency manipulation watch list (again).

Posted Images

If that's true, maybe some of the so called manipulation is rubbing off over there because they also are very very close on watch lists.

 https://www.cfr.org/article/tracking-currency-manipulation

 

Screenshot (19).png

 

Edited by nigelforbes

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