rooster59 Posted November 22, 2020 Share Posted November 22, 2020 Political tensions, US data hold key to baht's direction next week By THE NATION Kasikornbank predicted the baht would move between 30 to 30.40 per US dollar next week, with several factors requiring monitoring by investors. The bank said that the political situation in Thailand, as well as export data for October to be announced in the near future, would need to be monitored. An important economic number for the US is the consumer confidence index in November, core durable goods orders, new residential sales, and the inflation rate. Kasikornbank said that the market was still closely watching the Covid-19 situation. On Friday, the baht closed at 30.29 per US dollar, strengthening from the opening 30.27. However, it was still weaker than the 30.22 on Friday. On the same day, the Bank of Thailand (BOT) liberalised Thai investments in foreign securities and the holding of foreign currencies in a bid to rein in the strengthening baht Under new BOT measures, Thais are allowed to freely open foreign currency deposit accounts (FCD) and can freely make transactions between FCD accounts. Besides, the measures will enable exporters to effectively manage liquidity and foreign exchange risk. Source: https://www.nationthailand.com/news/30398348?utm_source=category&utm_medium=internal_referral -- © Copyright The Nation Thailand 2020-11-22 - Whatever you're going through, the Samaritans are here for you - Follow Thaivisa on LINE for breaking COVID-19 updates Link to comment Share on other sites More sharing options...
Popular Post canopus1969 Posted November 22, 2020 Popular Post Share Posted November 22, 2020 Like the way they keep showing pics of the old king 6 Link to comment Share on other sites More sharing options...
TooBigToFit Posted November 22, 2020 Share Posted November 22, 2020 That's true, but news stories just pull any old pic. The average yellow supporter has a my-country-right-or-wrong mentality. That's not uncommon with a lot of people from countries around the world. 1 Link to comment Share on other sites More sharing options...
thailand49 Posted November 22, 2020 Share Posted November 22, 2020 Just the other day I thought it was how all the foreign investment was rolling into Thailand! ???? then the next it was nothing but speculation? 1 Link to comment Share on other sites More sharing options...
Isaan sailor Posted November 22, 2020 Share Posted November 22, 2020 Either Thailand likes a strong Baht, as a source of national pride—or, the strong Baht a consequence of carelessly allowing foreign. Inflows to overwhelm the economy. Link to comment Share on other sites More sharing options...
Jumbo1968 Posted November 22, 2020 Share Posted November 22, 2020 11 hours ago, Isaan sailor said: Either Thailand likes a strong Baht, as a source of national pride—or, the strong Baht a consequence of carelessly allowing foreign. Inflows to overwhelm the economy. They like a strong baht to save face ! 1 Link to comment Share on other sites More sharing options...
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