webfact Posted November 25, 2020 Share Posted November 25, 2020 Baht up amid weakened dollar, lower gold price By THE NATION The baht opened at 30.38 to the US dollar on Wednesday, weakening from 30.34 at close on Tuesday. The Thai currency is likely to move between 30.25 and 30.45, said Jitipol Puksamatanan, senior director of the chief investment office at SCB Securities. On Tuesday night, the financial market was in a risk-on state. The S&P 500 and Stoxx 600 rose by 1.6 and 0.9 per cent, respectively. Meanwhile the price of WTI crude oil increased by 4.2 per cent, while the gold price decreased by 1.7 per cent to $1,806 (Bt54,866) per ounce. The dollar also weakened by 0.3 per cent, compared to other currencies. The Ten-Year Treasury yield rose to 0.87 per cent and the Thirty-Year Treasury yield to 1.6 per cent. Jitipol said investors were more confident in a US economic recovery, with Joe Biden set to take over the presidency. In Thailand, the baht was traded under the influences of a weakened dollar and gold. Jitipol added that it was important for investors to monitor development and progress of a Covid-19 vaccine. He explained that this could support Asian currencies to the end of the year. Source: https://www.nationthailand.com/news/30398540 -- © Copyright The Nation Thailand 2020-11-25 - 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...
NCC1701A Posted November 25, 2020 Share Posted November 25, 2020 (edited) 1 hour ago, webfact said: Jitipol said investors were more confident in a US economic recovery, with Joe Biden set to take over the presidency. Edited November 25, 2020 by NCC1701A 1 2 Link to comment Share on other sites More sharing options...
Popular Post Emdog Posted November 25, 2020 Popular Post Share Posted November 25, 2020 2 hours ago, NCC1701A said: The Dow just passed 30,000. Guess the market didn't tank like DJT said it would... 4 1 Link to comment Share on other sites More sharing options...
Scott Tracy Posted November 25, 2020 Share Posted November 25, 2020 Yesterday Oanda had the Thai baht as 30.2736 against the dollar. Today they have it as 30.3259. How is the baht up against the dollar? Link to comment Share on other sites More sharing options...
hotchilli Posted November 25, 2020 Share Posted November 25, 2020 6 hours ago, NCC1701A said: Good to see you managed to contain your snigger. Link to comment Share on other sites More sharing options...
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