On 8/2/2024 at 4:35 PM, Pouatchee said:

 

still passing stupid comments with emojis cos you cant express yourself?

did you misquote>? it doesn't seem you are speaking to transam.

Chiang Mai has already correctly explained it in the first post,  the market anticipated an interest rate cut because inflation was easing. That was the main reason for the dollar falling. If the dollar falls other currencies gain in value normally.

 

Then there were a few other, less important, reasons, the BoJ intervention which strengthened the Yen leading to many long UJ traders unwidin their big positions, and therefore causing the USD to decline further, the crazy Israelis precipitating a regional war in the middle east and slightly unexpected US economic markers. There were a few others no doubt as well.

 

As Lacessit said, currencies fluctuate, all perfectly normal.

 

 

On 8/7/2024 at 11:47 AM, n00dle said:

did you misquote>? it doesn't seem you are speaking to transam.

 

i wasnt... might seem that way...

On 8/7/2024 at 5:27 AM, BuddyPish said:

 

Sorry but I'm afraid YOU are the clueless one . . . . probably because you've spent 19 years on this forum.

Of course it's manipulation. 
When the yen gets too weak, the BoJ steps in and sells dollars to buy up yen to arrest the decline.

That intervention IS manipulation.

Now you might take issue with the use of that word but that's of no consequence to the market or its participants.

You can call it what you like but it is what it is.

 

 

Yet another utterly clueless

1 hour ago, Chivas said:

 

Yet another utterly clueless

...and yet you provide another useless post, nice job!

1 hour ago, Chivas said:

 

Yet another utterly clueless

I think the poster pretty much nailed it. BOJ spent around USD 35 bill, selling USD and buying YEN.

 

https://www.ft.com/content/49fd2484-f9c9-4181-88c1-064e787e8a64

As the Fed will lower rates 2-3 times by the end of the year, we could see the dollar decline to 33 Baht. A few minutes ago it was down to 34.38

Other news claim rising Teflon  baht is because the new Shinawatra pm ...

Could be as my Euro also is declining ....

Edited August 20, 20241 yr by david555

On 8/3/2024 at 12:20 PM, Man Mart said:

In relation to sterling, it’s been a result of the anticipated and the actual cut in UK interest rates on Thursday. 

And the new Government + street rioting?

4 hours ago, SiamAndy said:

As the Fed will lower rates 2-3 times by the end of the year, we could see the dollar decline to 33 Baht. A few minutes ago it was down to 34.38

If true about the lower rates , it will get gold much higher to compensate the higher THB.

The land of the bizarre where sack off the party that won the election fire the replacement PM install someone who no one voted for all in the space of a week and up goes the Baht ..fishy very fishy  🤔  

2 hours ago, sammieuk1 said:

The land of the bizarre where sack off the party that won the election fire the replacement PM install someone who no one voted for all in the space of a week and up goes the Baht ..fishy very fishy  🤔  

It happens also in western Europ  that unelected becomes a pm installed by the winning party ....latest  Politician winning "Wilders"party installed a high civill servant as Pm ( The Netherlands eg. "HOLLAND")

Politicians are all alike ....Thailand is no exception 😁

Edited August 20, 20241 yr by david555

Baht is always manipulated prior and during high season.

 

1 Euro to Th. Baht 37,91 ....by Google just now
🙄

 

 

Edited August 20, 20241 yr by david555

As old Bernard Trink would have said

 

"further words superfluous"

 

 

Edited August 21, 20241 yr by Chivas

22 hours ago, NickyLouie said:

Baht is always manipulated prior and during high season.

 

 

utter nonsense

Because of the Baht strongly appreciating against the Dollar on opposite side of the pairings its obviously effected Sterling with a likewise quite heavy dip

 

47 right down to 44.65 Interbank

22 hours ago, NickyLouie said:

Baht is always manipulated prior and during high season.

 

And on Wednesdays between 11 am and 2:45 pm.

2 hours ago, chiang mai said:

And on Wednesdays between 11 am and 2:45 pm.

...but only if the sun is shinning

USD now down to 33.87 Baht, could it drop to 32 by year end?

14 minutes ago, SiamAndy said:

USD now down to 33.87 Baht, could it drop to 32 by year end?

DXY is nearly back to 100 which is a long fall from the 106 of a few months ago, I doubt the US wants a weak USD .....the fall over the weekend was a result of Powell's speech at Jackson Hole, confirming the September rate cut. 32? Possible but improbable is my guess, BOT will likely cut rates also in the coming months.

37.07 Thb only  for 1 euro ....say's Google just now ....

Thb keep rising....

 

Those on monthly transfers for their extension be aware for the correct exchange adaption ,as I.O. have no mercy if you are some baht short

Edited September 12, 20241 yr by david555

USD down to 33.16 THB just now and the Fed hasn't even lowered rates yet. I can see the USD at 32 THB by the end of November.

I think the West is coming to an end. Choice between word sales hyena Harris and Trump for leader of the Western world. It survived the first Trump presidency but was in decent shape then, I can't see it surviving Harris or Trump, at least not in a leadership role. 

I read this morning on Mishtalk that going into COVID the US had a 17% larger economy. It is not 30% bigger despite having 100 or so million less people. (note he didn't mention it but I think the 2 trillion economy of the UK leaving the EU is responsible for part of the US apparent gain). Productivity in the EU is a disaster....he cites a figure of 47% lower than US, but doesn't say where the data source is. The EU doesn't have long to last, even if the US does. 

USD now down to 32.89 THB, Will it dip below 32 when peak tourist season arrives in December?

6 hours ago, SiamAndy said:

USD now down to 32.89 THB, Will it dip below 32 when peak tourist season arrives in December?

 

Yep dropped from just shy of 37 to 32.93

Painful for absolutely everyone unless paid in Baht and remitting it back home

Can only be thankful that Sterling is the highest for 2 years against the USD or the situation would be even worse for Brits

USD skyrockets against the THB, breaking new record high, for this week 

 

We can all go shopping now for a treat, now that back over 33.   If I didn't jinx it ... oh crap 

 

Maybe a Lao Dark instead of Archa 

What are the Trump/Harris experts saying?

 

I'd dare saying that USD will get firmer, in February  if the Handmaid's Tale doesn't become reality.

1 hour ago, KhunLA said:

USD skyrockets against the THB, breaking new record high, for this week 

 

We can all go shopping now for a treat, now that back over 33.   If I didn't jinx it ... oh crap 

 

Maybe a Lao Dark instead of Archa 

 

Yes it weakened out for sure seems to be around 32.97 currently but unfortunately Sterling took a dump yesterday morning against the USD when aggressive interest rate cuts were potentially mentioned

 

Upshot is Sterling/Baht hardly moved

Edited October 4, 20241 yr by Chivas

Lets see what happens after the 16th of October when BOT has their meeting. The pressure is rising to cut intrest rates.