Showing 1 - 10 of 68
Domestic gold prices head for new high
Nareerat Wiriyapong, Published on 25/09/2024
» Domestic gold prices are on course to surpass the previous high of 42,150 baht per baht-weight (15.2 grammes) as global prices stayed near an all-time high, approaching $2,700 an ounce, say local traders.
As baht gains, Thai rates primed for a cut
Nareerat Wiriyapong, Published on 24/09/2024
» The rapid appreciation of the baht could prompt the Bank of Thailand to cut interest rates as early as its meeting in mid-October, say analysts, as ongoing inflows would support a further strengthening of the currency
Baht set to continue to rise
Business, Nareerat Wiriyapong, Published on 17/09/2024
» The baht could appreciate further, after hitting a 19-month high of 32.2 baht to the dollar on Monday, if the US Federal Reserve cuts interest rates deeper than 25 basis points at its meeting this week, as falling US inflation could prompt the central bank to deliver an outsized rate cut.
Analysts see imminent return of foreign funds
Business, Nareerat Wiriyapong, Published on 28/08/2024
» Easing domestic political uncertainty and the higher likelihood of US interest rate cuts could prompt a return of foreign fund inflows starting next month, driving the Thai bourse back to a range of around 1,500 points next year, say analysts.
Baht poised to reach 34 to the greenback
Business, Nareerat Wiriyapong, Published on 22/08/2024
» The baht is on course to appreciate to 34 to the dollar or an even stronger position in the near term after hitting a 13-month high yesterday as the Bank of Thailand held the policy rate at 2.5%, which could spur inflows ahead of the US Federal Reserve's next meeting in September.
Bank of Thailand rate cuts expected as US economy slows this year
Business, Nareerat Wiriyapong, Published on 13/08/2024
» The US economy is expected to enter a cyclical slowdown from late 2024 through to 2025, leading the Bank of Thailand to cut its policy rate by as much as 1.5 percentage points next year alone, says KGI Securities (Thailand).
US rate cuts set to prop up ailing Thai stock exchange
Business, Nareerat Wiriyapong, Published on 08/08/2024
» Projected interest rate cuts by the Federal Reserve designed to stop the US falling into recession could help shore up the Stock Exchange of Thailand (SET) for the rest of 2024 after the index dipped 6.7% in the first seven months of this year, says a bourse executive.
Baht set to further strengthen this year despite headwinds
Nareerat Wiriyapong, Published on 01/08/2024
» The baht could appreciate further to 35.30 to the US dollar in the short term, after hitting a four-month high of 35.72 early Wednesday, but political instability and deteriorating fiscal positions as a result of the government’s populist policies could limit the Thai currency’s rebound.
Local traders optimistic on price outlook for gold
Business, Nareerat Wiriyapong, Published on 24/07/2024
» Local gold traders remain bullish about bullion's price trend, saying prices could top US$2,500 an ounce by end-2024 with a significant price increase expected after the US Federal Reserve (Fed) cuts US interest rates in September.
Why is the SET in a protracted slump?
Business, Nareerat Wiriyapong, Published on 11/07/2024
» On July 1, with investors searching for clues about their investments in the second half of 2024, the Stock Exchange of Thailand (SET) index slipped below the psychological level of 1,300 points for the second time in a month.