Baht vs USDollar

[Gonzo the Face]

Not being able to figure out the new forum system, I don't know where to post this.    So am posting here.

 

WHAT ??? is going on with the dollar / baht?   Don't see anything going on that should reflect the rapid strengthening  of the baht.  Or is it just personal game playing by those than can play?      Anybody got any answers?

[CNXBKKMAN]

It's the weakening of the dollar rather than the strengthening of the baht. Media reported yesterday the dollar was falling due to Wall Street losing faith in Trump getting stuff done after his healthcare bill failed. Something like that. Will Trump be good for the USA economy? Thats the question is starting to be answered. 

[Berkshire]

5 minutes ago, CNXBKKMAN said:

It's the weakening of the dollar rather than the strengthening of the baht. Media reported yesterday the dollar was falling due to Wall Street losing faith in Trump getting stuff done after his healthcare bill failed. Something like that. Will Trump be good for the USA economy? Thats the question is starting to be answered. 

Yeah, that's pretty much it.

[Stock markets are taking a hit and the dollar has weakened over fears President Trump's promised US tax cuts and infrastructure spending will fail to get off the ground.]

http://news.sky.com/story/ftse-100-falls-1-as-dollar-weakens-versus-pound-on-trump-policy-woes-10815473

 

It also seems the recent US fed rate hike was already baked in as the dollar actually weakened when the feds announced.  A weakened dollar is good for the US export sector, but not so good for expats in Thailand.  But in anticipation of future rate hikes this year (should be a couple more), the dollar should bounce back. 

[Ramen087]

The Atlantic --->  from January 2017.... trump says us dollar too strong

 

https://www.theatlantic.com/business/archive/2017/01/donald-trump-dollar-dollar-ills-yall/513572/

[Ramen087]

https://www.bloomberg.com/news/articles/2017-01-17/president-trump-wants-to-weaken-the-dollar-here-s-how-he-can

 

and from Bloomberg as well, also in January 2017.

[evenstevens]

their reasoning for the recent strengthening  of the  Thai Baht ,against Yankee dollar, and other currencys , is that it falls in line ,  with neighbouring countrys strengthening (LOL)

clearly manipulating their currency, it should be weakening

its Ricky Nelson, good morning to all

 

 

 

 

[Suradit69]

On 3/28/2017 at 9:50 AM, Gonzo the Face said:

WHAT ??? is going on with the dollar / baht?

Trump & Congress

 

Falling interest rates. Failure of GOP and president to manage to deliver on healthcare debacle they promised. The 10 year has dropped below 2.4%

 

Whether or not Trump wants a strong or weak dollar is totally irrelevant. His ineptitude is relevant.

 

 

 

Edited March 29, 2017 by Suradit69

[Srikcir]

On 3/28/2017 at 9:50 AM, Gonzo the Face said:

WHAT ??? is going on with the dollar / baht?

Read Trump's next book The Art of Disaster.

[Jingthing]

trump is effectively a lame duck president (lowest approval ratings at this stage in American history) after a few months in office. Such a disastrous (and ridiculous) failure as a leader does nothing for confidence in the currency.  The world is (wisely) looking elsewhere for leadership and currencies.

[Suradit69]

On 3/28/2017 at 10:11 AM, Ramen087 said:

trump says us dollar too strong

Trump says a lot of things. Most of what he says is based on whatever he's been tripping on.

 

The Dow fell for 8 consecutive days based on the realization that the Trump rally was turning into the Trump dump.

 

On 3/28/2017 at 10:17 AM, evenstevens said:

clearly manipulating their currency, it should be weakening

Utter nonsense. 

The dollar has fallen recently because of the international market. Currency manipulation on the part of Thais is hardly a factor. You're obviously dreaming.

 

Quote

Dow posts longest losing streak since 2011 as 'Trump trade' falters - as it happened

 

https://www.theguardian.com/business/live/2017/mar/27/shares-slide-pound-rallies-us-dollar-trump-healthcare-failure-rattles-markets-business-live

 

 

Edited March 29, 2017 by Suradit69

[alex8912]

On 3/28/2017 at 10:17 AM, evenstevens said:

their reasoning for the recent strengthening  of the  Thai Baht ,against Yankee dollar, and other currencys , is that it falls in line ,  with neighbouring countrys strengthening (LOL)

clearly manipulating their currency, it should be weakening

its Ricky Nelson, good morning to all

 

 

 

 

Would you ever be able to figure out that US dollar is much shorter to type than Yankee dollar?  Or do you use a special currency made by the New York Yankees?  Also your reason is completely wrong. The USD has slightly weakened as mentioned so some nearby currencies have increased because of that. 

Edited March 29, 2017 by alex8912

[malibukid]

Trumpy has to learn how to play well with the other children.

[csabo]

Dow since election day.  Up means good right?

 

 

Edited March 29, 2017 by csabo

[Jingthing]

Trumpy has to learn how to play well with the other children.

He's beyond learning anything.

[whoareyou]

The Oz dollar had been slipping as well exchange booths now showing back in the 25's

[Henricus]

On 3/28/2017 at 9:50 AM, Gonzo the Face said:

Not being able to figure out the new forum system, I don't know where to post this.    So am posting here.

 

WHAT ??? is going on with the dollar / baht?   Don't see anything going on that should reflect the rapid strengthening  of the baht.  Or is it just personal game playing by those than can play?      Anybody got any answers?

Maybe this ??????????? 

[tonray]

unless you're playing in the FX  markets,  the recent dollar/baht exchange rate movement is, certainly not going to make any real difference in anyone's lifestyle.  

[bubba]

By this week we witnessed, the worst losing streak on Wall Street since 2011, due to uncertainty that Trump will actually be able to deliver anything.

 

For a bit of nostalgia:

 

Here’s all the times Trump has taken credit for stock-market gains

 

Since that, I have not yet heard him take credit for the more recent stock market slump.

[little mary sunshine]

On 3/28/2017 at 9:59 AM, CNXBKKMAN said:

It's the weakening of the dollar rather than the strengthening of the baht. Media reported yesterday the dollar was falling due to Wall Street losing faith in Trump getting stuff done after his healthcare bill failed. Something like that. Will Trump be good for the USA economy? Thats the question is starting to be answered. 

Market was back up again 150 pts.  Just part of the

Washington Game....Hope it breaks 2200 by the end 

of 2017!!!!

 

[thailand49]

On 3/27/2017 at 8:17 PM, evenstevens said:

their reasoning for the recent strengthening  of the  Thai Baht ,against Yankee dollar, and other currencys , is that it falls in line ,  with neighbouring countrys strengthening (LOL)

clearly manipulating their currency, it should be weakening

its Ricky Nelson, good morning to all

 

 

 

 

Bravo, Bravo, you don't really need to be a economist to figure that out just living here or reading into their interviews know what they are doing. The paper today Bangkok Post had a article saying the same stuff that Baht soon should be weakening.  They don't like too high or too low always trying to find the middle. Funny also say the BOT doesn't have to step in? I hear this all the time then next day it moves?

[mettech]

1 hour ago, Jingthing said:

trump is effectively a lame duck president (lowest approval ratings at this stage in American history) after a few months in office. Such a disastrous (and ridiculous) failure as a leader does nothing for confidence in the currency.  The world is (wisely) looking elsewhere for leadership and currencies.

It was already in the future of new currency being used  and it will happen regardless of the influence being created by a huge push from the us.

[MorristheRunt]

Donald Trump is and will finally destroy the USA as a global super power.

 

Power and wealth is moving east, and nothing is going to stop it

[elgordo38]

1 hour ago, csabo said:

Dow since election day.  Up means good right?

 

 

It went up on Trump hype which is now wearing thin. I am sure at your age you have been exposed to BS many times and enough times to recognize it for what it is. Again a stick of lipstick looking for a pig. 

[BsBs]

What should we do now ? Keep dollar or baht or euro ?

 

 

[Jingthing]

1 hour ago, MorristheRunt said:

Donald Trump is and will finally destroy the USA as a global super power.

 

Power and wealth is moving east, and nothing is going to stop it

Perhaps, but it didn't have to happen all that quickly! People didn't factor in national suicidal tendencies. 

[little mary sunshine]

1 hour ago, MorristheRunt said:

Donald Trump is and will finally destroy the USA as a global super power.

 

Power and wealth is moving east, and nothing is going to stop it

555555555555. Must have had to many beers

[MANFROMBOCA]

Its the end of the world  SELL !!!

[Ramen087]

4 hours ago, Suradit69 said:

Trump says a lot of things. Most of what he says is based on whatever he's been tripping on.

 

The Dow fell for 8 consecutive days based on the realization that the Trump rally was turning into the Trump dump.

 

Utter nonsense. 

The dollar has fallen recently because of the international market. Currency manipulation on the part of Thais is hardly a factor. You're obviously dreaming.

 

 

https://www.theguardian.com/business/live/2017/mar/27/shares-slide-pound-rallies-us-dollar-trump-healthcare-failure-rattles-markets-business-live

 

 

The stories were from January 2017.  Ten weeks ago.  Week to week moves in any Index doesn't mean much.  The US economy isn't doing much differently now than it has the past ten quarters.  Manipulation may not be working on the US dollar, but the anti-Trump group clearly is doing its job. 

 

Have a nice day.

[wpcoe]

3 hours ago, tonray said:

unless you're playing in the FX  markets,  the recent dollar/baht exchange rate movement is, certainly not going to make any real difference in anyone's lifestyle.  

It  was noticeable when I just transferred several thousand US$ to Thailand to pay for a condo renovation.

 

The US$ has fallen 3.8% since the beginning of the year when the rate was 35.72 on 04-Jan-17 (the first bank business day of the year.)  Especially for folks living on fixed income like pensions a 3.8% drop can be felt and make a difference.

 

[mrfaroukh]

On 3/28/2017 at 10:11 AM, Berkshire said:

Yeah, that's pretty much it.

[Stock markets are taking a hit and the dollar has weakened over fears President Trump's promised US tax cuts and infrastructure spending will fail to get off the ground.]

http://news.sky.com/story/ftse-100-falls-1-as-dollar-weakens-versus-pound-on-trump-policy-woes-10815473

 

It also seems the recent US fed rate hike was already baked in as the dollar actually weakened when the feds announced.  A weakened dollar is good for the US export sector, but not so good for expats in Thailand.  But in anticipation of future rate hikes this year (should be a couple more), the dollar should bounce back. 

I have notice that even Indian Rupees and some other currencies have become stronger against dollar. So it is not the Baht that become strong but dollar has weaken.