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THAILAND LIVE Thailand Live Thursday 13 February 2025
Thai Baht Set to Weaken as US Tariff Tensions Escalate Picture courtesy: Kasikorn Research Centre The Thai baht is anticipated to weaken in the coming weeks, largely due to increasing global trade tensions in the wake of the United States' recent decision to elevate tariffs on aluminium and steel imports to a flat rate of 25%. Full story: https://aseannow.com/topic/1351596-thai-baht-set-to-weaken-as-us-tariff-tensions-escalate/ -
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What's The Best Kind of Chicken?
Free range and roasted. Trick to roasting a chook is to pre-heat your oven for a fair while at it's max temp. and cook at same max temp. Stick some butter in a few places under the skin and do not open the oven. A good size chook will cook in around 1/2 an hour in a good hot oven. Makes for a very juicy chook as the very high temp very quickly sears the skin keeping in a lot of the juices. -
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Thai Baht Set to Weaken as US Tariff Tensions Escalate
Picture courtesy: Kasikorn Research Centre The Thai baht is anticipated to weaken in the coming weeks, largely due to increasing global trade tensions in the wake of the United States' recent decision to elevate tariffs on aluminium and steel imports to a flat rate of 25%. On Tuesday, the baht commenced trading at approximately 33.96 per US dollar, a slight appreciation from Monday's closing rate of 33.91, but it soon weakened, surpassing 34 baht during the day's trading, reaching 34.07 per dollar by late afternoon. Poon Panitchpibun, a money market strategist at Krungthai Global Markets, explained that the baht's depreciation followed the announcement by US President Donald Trump of a significant tariff increase on steel and aluminium imports. The tariffs, now at 25%, represent a substantial rise from the previous 10%, marking the end of various exemptions and agreements. This strategic trade move by the US has exerted pressure on the baht, said Mr Poon, as the US dollar strengthened in response to these measures. Despite opening at 33.89 on Monday—down from last Friday's 33.64 closing—the baht's weakening has been compounded by mounting market uncertainty. "If the baht continues its decline and breaks through the resistance threshold of 34-34.10 per dollar, it might challenge the 34.20 zone next," he suggested. He further noted that the baht could stay volatile depending on the evolving US trade policies and economic statistics. The global upswing in gold prices has offered some respite, yet a short-term correction in the gold market is possible given recent peaks. Kanjana Chockpisansin, who heads research in the banking and financial sector at Thailand's Kasikorn Research Center (K-Research), observed that the baht's dip past 34 per dollar marks its lowest point in a week. This depreciation aligns with a general downward trend among regional currencies, largely spurred by the stronger US dollar amid shifting trade policies. As global tensions are projected to escalate amidst ongoing US trade developments, Ms Kanjana advises close watching of forthcoming tariff enactments. In this climate, the US Federal Reserve might delay rate cuts, bolstering the dollar against the baht. Looking forward, K-Research anticipates the baht to fluctuate within a range of 33.85-34.15 per dollar in the near term. As these economic dynamics unfold, both domestic and international market participants will remain on high alert, assessing the impact on trade and investment strategies, reported Bangkok Post. -- 2025-02-13 -
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Rising Anti-Israel Sentiments in Pai Following Tourists Misconduct
Toss who I consider the biggest PESTS of Thailand but I have to say Israeli . Over two decades here and everytime I encounter them I want to flee they are so fracking obnoxious. I have no issues banning both from Thailand forever. True <deleted>$! -
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Sen. Elizabeth Warren calls for insurrection!
Most likely a troll 🤣. He only resorts to name calling and insults. -
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Why China will prevail over the US in this crazy world of Trump 2.0
The thing is China can't win. Will the USA collapse and China is the power? Maybe. But the world doesn't have the resources for them to ever become the same level. At some point everything will be polluted and strip mined if that's called winning. Then again they sort of like it that way so maybe they win and rule the new post apocalyptic mad max world.
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