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Impact of protests on THB vs Dollar & Sterling


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15 hours ago, Don Chance said:

Expect deflation world wide. USA dollar could collapse next year. Buy Chinese yuan.

What a crock.  The US dollar could chew up the yuan for breakfast.  It is the world trading currency and the oil price standard.  China is taunting for war with: 1) Hong Kong 2) Philippines 3) America 4) Bruni  5) Vietnam  6) Japan 7) India.  Do really think the yuan is the best bet?  I think the Spratly Islands and India and Japan and the USA are going to push them back in their places.  Xi is a war monger.  I would not bet on the yan any more than I would bet on the lotto.  I respect your opinion.  In my opinion, the US dollar is so strong around the world.  It doesn't matter if it is ten or fifteen percent here and there.  It is the largest economy in the world.  It has the largest import in the world.  It is more than self sufficient in oil.  There is just no reason for the US dollar to collapse...hogwash.

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With economic factors here not looking so good and people having a hard time feeding themselves, it is unfortunate that the Thai Baht is still flying high making the costs for some more as well as the

My guess is that Sterling is more likely to strengthen a tad if all the panicked predictions about Brexit turn out to be exaggerated. Also, there is a reasonable possibility that the Cambridge / As

Expect deflation world wide. USA dollar could collapse next year. Buy Chinese yuan.

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22 hours ago, Kinnock said:

With Brexit and record national debt due to an unwise COVID response - the GBP will fall significantly in my view.  Long term I believe the UK economy will recover, but we're looking at 5 years+.

 

I wouldn't write Trump off yet, but I don't think the election will have a huge impact whoever wins, as Trump's rhetoric has been fairly benign in the real world.

 

The Thai protest will weaken non-Chinese FDI, so again limited impact.

 

Gold is already high, so although a good way to ensure you don't lose everything in the event of a Zombie Apocalypse  it is unlikely to grow much more, and in the longer term will fall back to 2019 values.

 

So my view - get out of Stirling for a while.

 

I cannot agree that trumps has had little effect. When I arrived in January 2016 upon him entering the race the baht was 36 to the dollar declining to present 31.2 That is a loss of annual conversion for me of 122880.

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3 hours ago, earlinclaifornia said:

I cannot agree that trumps has had little effect. When I arrived in January 2016 upon him entering the race the baht was 36 to the dollar declining to present 31.2 That is a loss of annual conversion for me of 122880.

That's minimal compared to UK - the Gold Standard in goverment actions impacting currency.  65 THB to 1 GBP when I arrived in Thailand .... now 40.

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On 10/19/2020 at 6:58 AM, Poet said:


It is more that there has been so much Chinese money swooshing around the world as there is a huge incentive for citizens to get their money out. Thailand was in a good position to benefit from that. The Chinese government were relatively relaxed about money exiting for investment here because it suited their regional aims. The comparatively small size of the Thai economy meant that factor alone propped up the Baht.

It is possible that China might shut off that tap in order to retain as much money as possible for its own post-Covid economic recovery, but I have a feeling they won't as destroying the Thai economy would send the wrong message to other potential puppet states.
 

 


My impression is that the markets have already factored in a Biden win, it won't make the dollar drop much.

 

Biden is toast.get used to it.

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NOTHING seems to weaken the almighty, bulletproof THB. There's been much worse for much longer of every description in the past decade+ and Almighty Baht just keeps on gaining strength.

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On 10/19/2020 at 6:17 AM, Matzzon said:

As you say, this is Thailand. The baht should have fallen long time ago, but seems to just gain instead. Unbelievable!

I'm surprised the Thai baht is not gaining substantially against the major currencies. They're not printing money here (aka quantitative easing) as they are in the USA, Europe and Australia.

 

It could happen that the Treasury Department will have to devalue the baht in the near future.

 

Mass protesting has just started, so it will take some time to determine its effect on the baht. How the government is going to respond is still uncertain. 

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On 10/19/2020 at 8:20 AM, geworthomd said:

What a crock.  The US dollar could chew up the yuan for breakfast.  It is the world trading currency and the oil price standard.  China is taunting for war with: 1) Hong Kong 2) Philippines 3) America 4) Bruni  5) Vietnam  6) Japan 7) India.  Do really think the yuan is the best bet?  I think the Spratly Islands and India and Japan and the USA are going to push them back in their places.  Xi is a war monger.  I would not bet on the yan any more than I would bet on the lotto.  I respect your opinion.  In my opinion, the US dollar is so strong around the world.  It doesn't matter if it is ten or fifteen percent here and there.  It is the largest economy in the world.  It has the largest import in the world.  It is more than self sufficient in oil.  There is just no reason for the US dollar to collapse...hogwash.

Taunting war with PH, Vietnam that's over the SE China sea islands right? What's going on with Japan and Bruni?  Taiwan in any danger like Hong kong?

 

I have most of my assets in cash and in USD, USD should be ok in the next 10,15 years right? It should be ok with either the candidates after Nov 3rd?

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