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Thai baht expected to weaken against US dollar

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41 minutes ago, Mike Lister said:

I see China's gold buying efforts as a different agenda to USD value. I think China has seen what the US has done to Russia by freezing their USD assets and are determined not to be caught out the same way, if they decide to do something that displeases the West. So I don't see that as a lack of confidence in USD, I think it's more about developing a Plan B for the future.

I'm wrong! I've just read the gold price results from Chinese retail investors.

 

https://www.mining.com/web/golds-record-setting-rally-may-have-its-roots-in-chinese-frenzy/#:~:text=Stock image.,explanation may lie in China.

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  • Berkshire
    Berkshire

    You hope not?  If you're getting US SS, you'd certainly want a weaken THB.  I've got no complaints and hope the THB keeps heading south.  But nothing goes down forever....

  • Mike Lister
    Mike Lister

    My take is that the US economy is well ahead of where everyone thought it would be whilst Thailand is falling further behind. I don't see US rates coming down any time soon. Some of the USD strength w

  • Ben   Zioner
    Ben Zioner

    Maybe just because US has been a well managed country for the past three years.

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23 hours ago, Mike Lister said:

Any income earned before 1 January 2024 is free of Thai tax, when remitted to Thailand.

Thanks, Mike.  Much appreciated.

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