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BANGKOK 20 March 2019 21:16
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Thai baht surges against weakening US dollar

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Thai baht surges against weakening US dollar

By The Thaiger

 

closeup-thai-baht-american-us-dollar-576

 

The Thai baht is soaring to its highest level against the US dollar in more than half a decade.

 

Analysts are expecting the Thai currency to continue marching past the 31 baht to the US dollar mark.

 

Currency experts believe the baht’s strength could be partly due to the weakness of the US dollar as investors speculate on the current US-China trade talks hoping negotiators will reach some sort of deal soon. They also believe that the US Federal Reserve will keep rates steady for the rest of the year.

 

Full story: https://thethaiger.com/news/business/thai-baht-surges-against-weakening-us-dollar

 

 

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-- © Copyright The Thaiger 2019-02-21

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1 hour ago, JRG23 said:

Surely this is unsustainable?

       Unstopable ,  Thailand now  ex third world , may  the junta regime continue ,

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I hope it continues. We're going there again on holiday next year. 

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