US Dollar

[las vegas hobo]

The US Dollar has weaken this week against the Bt. What is the reason?

[Woody1]

It's down to the influx of US Dollars in Pattaya! If you go to Sriracha or Sattahip you'll find there aren't so many US Dollars, and the exchange rate reflects this.

[chiang mai]

[NanLaew]

Global currency markets ran into turbulence on Wednesday, as investors dumped the dollar amid falling interest rates in the U.S. and continued nervousness about global economy, crushing a slew of popular trades so far this year.

From the WSJ

[chiang mai]

The previous reason is more entertaining.

[lovelomsak]

Not sure why either but has weakened against the canadian dollar too. I think it has something to do with the oil industry.

[Rimmer]

This is not Pattaya specific and should be posted in the Banking Forum

//MOVED//

[Suradit69]

It's down to the influx of US Dollars in Pattaya! If you go to Sriracha or Sattahip you'll find there aren't so many US Dollars, and the exchange rate reflects this.

One hopes that you are being facetious. I have this vision of those in London and NY, who tend to control exchange rates, with red phones to their ears screaming the latest news from Sattahip and shouting BUY BAHT.

[chiang mai]

The reason(s)?

Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week.

[las vegas hobo]

The reason(s)?

Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week.

Today the US Dollar is 36.03

[Ireland32]

The reason(s)?

Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week.

Today the US Dollar is 36.03

wrong,it's 35.09 on XE

[chiang mai]

The reason(s)?

Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week.

Today the US Dollar is 36.03

And?

[las vegas hobo]

The reason(s)?

Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week.

Today the US Dollar is 36.03

wrong,it's 35.09 on XE Ruerters 35.03

[Ireland32]

The reason(s)?

Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week.

Today the US Dollar is 36.03

wrong,it's 35.09 on XE Ruerters 35.03

so u were off a digit, u were probably reminiscing at 36

[chiang mai]

What I read is that offshore USD/THB has moved from 35.40 to 35.06 in the course of the week which represents a slight weakening of THB.

http://www.bbc.co.uk/news/business/market_data/currency/12/11678/default.stm

Onshore rates will vary

[AlexRRR]

It's a game money men play....

[NanLaew]

It's a game money men play....

From the WSJ,

“This morning in London, it was very prominent that there was a squeeze of some of the popular trades that had worked very well in January,” said Richard Benson, a portfolio manager at Millennium Global Investments Ltd., a currency manager with $16 billion of assets under management.

So what worked in January didn't work in March. Regardless of any sharp reversals such as oil recently topping $40/bbl and the single-day 20% increase in iron ore futures, courtesy of the Chinese merely saying they are still going to buy and build like before, the big picture is still a steady downward spiral with investors and others cashing in when and where they can as nobody has a clue how the end-game is going to play out, least of all the Chinese.

Meanwhile, I'm off to stock up on water and batteries.

Edited March 12, 2016 by NanLaew

[Dave12345678910]

I don't see any correlation with THB and USD. There's a lot of stupid things going on in the markets these days. I think a bunch of 20 year olds have taken over. One week it is doom and next it is bouncing back

[Naam]

It's down to the influx of US Dollars in Pattaya! If you go to Sriracha or Sattahip you'll find there aren't so many US Dollars, and the exchange rate reflects this.

based on this information wouldn't it be advisable to exchange Dollars in Nakhon Nowhere?

[linksman00]

The reason(s)?

Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week.

Further FED interest rate hikes are back on the table front and center, the worldwide oil glut continues to build and the price of oil has only temporarily rebounded due to short covering, Japan and soon the EU going to neg interest rates mean the long term flow to the USD will continue.

[linksman00]

It's down to the influx of US Dollars in Pattaya! If you go to Sriracha or Sattahip you'll find there aren't so many US Dollars, and the exchange rate reflects this.

One hopes that you are being facetious. I have this vision of those in London and NY, who tend to control exchange rates, with red phones to their ears screaming the latest news from Sattahip and shouting BUY BAHT.

Suradit69, Your post here is priceless

[chiang mai]

The reason(s)?

Further USD interest rate rises are in the long grass, cost of oil has maybe bottomed out and Europe has enacted new and improved QE measures, all of which makes USD slightly less valuable than before as funds/currencies may now flow into things other than safe haven storage. Having said that, USD/THB only moved a little bit this week.

Further FED interest rate hikes are back on the table front and center, the worldwide oil glut continues to build and the price of oil has only temporarily rebounded due to short covering, Japan and soon the EU going to neg interest rates mean the long term flow to the USD will continue.

To too funny.

[IMA_FARANG]

Fear.

The exchange dealers are like cowardly lemmings

They all run for the nearest cliff to jump off of at the first hint of any "bad news" and a rumor of problems.

Right now the "rumors" are "Chinese Yuan is good news, U.S dollar is bad news".

Not that long before it will turn around, just wait and see.

The Chinese are not going to meet their growth estimates for this year, no matter what they claim.

What goes up will come back down, and what goes down now will come back up eventually.

All the timid little timid lemmings will run back to the light soon enough.

Edited March 14, 2016 by IMA_FARANG