Jump to content

Thai baht rally faces threats amid political drama and bank policy


webfact

Recommended Posts

1 hour ago, webfact said:

US election risks could see the dollar strengthening back, especially under a Trump 2.0 scenario.”

Already under Biden scenario. In 2024:

"The seven major currency pairs dominate approximately 75 percent of all global forex trading. These pairs include EUR/USD, USD/JPY, GBP/USD, AUD/USD, USD/CAD, USD/CHF, NZD/USD."

No BRIC currencies.

Link to comment
Share on other sites

21 hours ago, CallumWK said:

 

I wonder if the writer of this article has even the slightest idea about economics and currency exchange, because everyone knows that Trump favors a weak dollar.

The outcome of the coming US election is up in the air and will be decided by the power elite/technocrats who are the ones actually in charge. 

 

It makes no difference who wins as the objective is to create civil unrest, which among several other events, will lead to the collapse of the country along with a number of other Western countries who are being targetted such as the UK.

 

In this part of the world, Thailand also has significant problems that are becoming more obvious by the day and will not be easily resolved.  Bottom line, it is going to become very difficult in the near future to find a safe haven, if that is even possible to begin with as things get progressively worse worldwide. 

  • Confused 1
  • Haha 2
Link to comment
Share on other sites

In past 30 days, 

USD Vs Baht had dropped 5-6 %,   

USD Vs most others ( Pound, Euro, CAD, AUS )  had dropped 0.8-2.5 %.   

USD Vs RMB lost 1-2% 

USD Vs Sing$ also dropped 2-3%. 

 

One special case is  USD Vs Jap Yen had lost 6-8 % in past 30 days as Japan Government had been selling off Many Billions US Treasury Bonds and converting USD to Yens. 

 

Nevertheless,  Thai Baht  had been strong against all except Jap Yen. 

Link to comment
Share on other sites

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 account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...