webfact Posted March 15, 2020 Share Posted March 15, 2020 U.S. dollar falls after Fed cuts rates to near zero FILE PHOTO: One hundred dollar notes are seen in this photo illustration at a bank in Seoul, South Korea, January 9, 2013. REUTERS/Lee Jae-Won/Illustration/File Photo NEW YORK (Reuters) - The dollar extended losses against the yen and turned negative against the euro on Sunday after the Federal Reserve cut interest rates to near zero percent in an emergency move amid the economic impact of the coronavirus outbreak. The U.S. Federal Reserve cut interest rates for the second time in less than two weeks on Sunday, reducing to a target range of 0% to 0.25%. The dollar fell 1.1% against the yen to 106.80 yen <JPY=EBS>, while the euro rose 0.3% to $1.1146 <EUR=>. (Reporting by Gertrude Chavez-Dreyfuss; Editing by Daniel Wallis) -- © Copyright Reuters 2020-03-16 Follow Thaivisa on LINE for breaking Thailand news and visa info Link to comment Share on other sites More sharing options...
RichardColeman Posted March 16, 2020 Share Posted March 16, 2020 I'm sure Boris Johnson will stub his toe or sneeze later and the pound fall to another all time low against the $ 2 Link to comment Share on other sites More sharing options...
Popular Post Isaan sailor Posted March 16, 2020 Popular Post Share Posted March 16, 2020 Today USD rose vs Baht. So not weak everywhere. Never thought I’d welcome 31.94–but USD hammered down for so long, things look a little better now. 5 2 Link to comment Share on other sites More sharing options...
Popular Post Berkshire Posted March 16, 2020 Popular Post Share Posted March 16, 2020 33 minutes ago, Isaan sailor said: Today USD rose vs Baht. So not weak everywhere. Never thought I’d welcome 31.94–but USD hammered down for so long, things look a little better now. Just wait a few days, things don't always happen immediately. Of course the Thai Central Bank could cut their rates further, which would help the USD. 3 Link to comment Share on other sites More sharing options...
Popular Post Nyezhov Posted March 16, 2020 Popular Post Share Posted March 16, 2020 49 minutes ago, Isaan sailor said: Today USD rose vs Baht. So not weak everywhere. Never thought I’d welcome 31.94–but USD hammered down for so long, things look a little better now. We use USD here in Cambodia, and everything still costs a dollar. 7 Link to comment Share on other sites More sharing options...
Popular Post Tayaout Posted March 16, 2020 Popular Post Share Posted March 16, 2020 1 hour ago, Nyezhov said: We use USD here in Cambodia, and everything still costs a dollar. But the portion are 15% smaller? ???? 4 Link to comment Share on other sites More sharing options...
Tony125 Posted March 16, 2020 Share Posted March 16, 2020 As of 12:33 PM March 16th the Baht is down to the US dollar USDTHB US Dollar/Thai Baht FX Spot Rate 31.98▲ +0.17+0.53% 1 Link to comment Share on other sites More sharing options...
bristolboy Posted March 16, 2020 Share Posted March 16, 2020 3 hours ago, Isaan sailor said: Today USD rose vs Baht. So not weak everywhere. Never thought I’d welcome 31.94–but USD hammered down for so long, things look a little better now. For those who live in Thailand but get their income from the USA, this is good news. But given Thailand's tiny share of the world economy, not significant in respect to how the financial world views the effect of those rate cuts. 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted March 16, 2020 Share Posted March 16, 2020 32.02 on USD. Methinks someone’s too busy with Wuhan virus containment, to continue slamming the USD down... 1 1 Link to comment Share on other sites More sharing options...
Skeptic7 Posted March 16, 2020 Share Posted March 16, 2020 (edited) Don't care about the € nor ¥...฿32.13 now to $. GO!!! ⬆️ Edited March 16, 2020 by Skeptic7 1 Link to comment Share on other sites More sharing options...
piewarmer Posted March 16, 2020 Share Posted March 16, 2020 After flu season passes Slash the Bhat and save tourism Link to comment Share on other sites More sharing options...
RocketDog Posted March 16, 2020 Share Posted March 16, 2020 I just stay at home here and keep transferring small USD amounts to my Thai bank each time the baht weakens. No mask required. "Look on the bright side of Life" Link to comment Share on other sites More sharing options...
bristolboy Posted March 16, 2020 Share Posted March 16, 2020 5 hours ago, Isaan sailor said: 32.02 on USD. Methinks someone’s too busy with Wuhan virus containment, to continue slamming the USD down... Because the Chinese want to make their goods less competitive? 1 Link to comment Share on other sites More sharing options...
Mac98 Posted March 16, 2020 Share Posted March 16, 2020 The Fed moves and government infusion are short-term actions to prop up Wall Street and a faltering economy in hopes the virus will ease during summer and won't kick back in, along with a resulting stock crash, until after the election. If it doesn't work they will blame Obama. Win Win. 1 1 Link to comment Share on other sites More sharing options...
Tony125 Posted March 17, 2020 Share Posted March 17, 2020 As of 3/17/2020 1USD =32.27 baht Link to comment Share on other sites More sharing options...
beechguy Posted March 17, 2020 Share Posted March 17, 2020 Yes, well at 10:20 A.M. CDT, 17 March, U.S. the exchange rate for the $ is 1.0974 Euro, 1.207 for Pound, and Yen at 107.3. There has been a lot of volatility, anyone could have a bad day. I agree with the others, I just move more dollars to the Thai bank when favorable. Link to comment Share on other sites More sharing options...
Traubert Posted March 17, 2020 Share Posted March 17, 2020 On 3/16/2020 at 10:27 AM, Isaan sailor said: Today USD rose vs Baht. So not weak everywhere. Never thought I’d welcome 31.94–but USD hammered down for so long, things look a little better now. Must be all that hot money coming into BoT from China hey? ???? Link to comment Share on other sites More sharing options...
les Dennis Posted March 17, 2020 Share Posted March 17, 2020 (edited) Are the toilets and taps in her area all fully functional with plenty of hand sanitizer and working hand dryers, I doubt it. And if they are, they wouldnt have been last week. ! Edited March 17, 2020 by les Dennis Wrong thread Link to comment Share on other sites More sharing options...
Traubert Posted March 17, 2020 Share Posted March 17, 2020 On 3/16/2020 at 9:00 PM, bristolboy said: Because the Chinese want to make their goods less competitive? He doesn't understand that RMB is pegged to the $. There's only a two point window. I must have told him three thousand times. Incidentally the Shanghai exchange was up 0.3% today. The only market in the world to show an increase. Link to comment Share on other sites More sharing options...
Tony125 Posted March 18, 2020 Share Posted March 18, 2020 On 3/17/2020 at 10:15 PM, Tony125 said: As of 3/17/2020 1USD =32.27 baht As of 3/18/2020 $1 = 32.50 Thai Baht Dollar rising against the baht Link to comment Share on other sites More sharing options...
URMySunshine Posted March 18, 2020 Share Posted March 18, 2020 On 3/16/2020 at 5:35 AM, Tony125 said: As of 12:33 PM March 16th the Baht is down to the US dollar USDTHB US Dollar/Thai Baht FX Spot Rate 31.98▲ +0.17+0.53% Pound crashing though as we spend to the moon... Link to comment Share on other sites More sharing options...
dode57k Posted March 18, 2020 Share Posted March 18, 2020 9 minutes ago, URMySunshine said: Pound crashing though as we spend to the moon... GBP in freefall...........37.66 Link to comment Share on other sites More sharing options...
URMySunshine Posted March 18, 2020 Share Posted March 18, 2020 (edited) 31 minutes ago, dode57k said: GBP in freefall...........37.66 We are printy printy our way out off this but we don't have the luxury of a global reserve currency hence our money grows ever worthless. By the time we finally lick this virus we will be basically bankrupt - god knows what that will mean but I expect Greek style austerity measures. Stockpiling good value supermarket wine now as that can only be more scarce and increase in price in the future - oh and spirits. Shall be able to barter when the pound is toilet paper ! A good merlot for 1kg of bacon ? Thinking a new Rolex maybe better than money in the bank and my wife agrees ! Edited March 18, 2020 by URMySunshine Link to comment Share on other sites More sharing options...
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