Showing 41 - 50 of 5,022
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 set to rise against the dollar
Business, Somruedi Banchongduang, Published on 27/08/2024
» The baht is expected to strengthen against the greenback this week, potentially reaching 33.50-33.75 baht per dollar, following its rise to the highest level in 13 months. This appreciation is largely driven by the weakening dollar, which has been impacted by the US Federal Reserve's signal of a potential rate cut next month.
Bitcoin flirts with $65,000 on Powell pivot, streak of ETF flows
Published on 26/08/2024
» Bitcoin touched $65,000 for the first time in about three weeks, aided by reviving demand for dedicated US exchange-traded funds amid signs that the Federal Reserve is set to loosen monetary policy.
Traders on sidelines awaiting signals from Fed chief
Business, Published on 24/08/2024
» RECAP: Trade was subdued in most Asian stock markets yesterday while the dollar rebounded from one-year lows, as investors were cautious ahead of a major speech by US Federal Reserve chairman Jerome Powell.
The yen strikes back
Business, Published on 24/08/2024
» The Chicago Board Options Exchange Volatility Index, which measures volatility on the S&P 500 index, rose to an intra-day high of 66% on Aug 5.
‘Time has come’ to cut US interest rates, says Fed chief
Published on 23/08/2024
» JACKSON HOLE, Wyoming - The US Federal Reserve is ready to start cutting interest rates, chairman Jerome Powell said on Friday, affirming expectations that officials will begin lowering borrowing costs next month.
Malaysia shines as foreign investors return, as Thailand stumbles
Reuters, Published on 22/08/2024
» SINGAPORE - Malaysia is fast becoming a haven in Southeast Asia and foreign investors are returning to a long-overlooked market as a confluence of improving growth, stable government and rising currency sets it apart among peers grappling with political flux.
Gold price continues to rise as traders wait for Fed signals
Nuntawun Polkuamdee, Published on 22/08/2024
» The price of gold is on an upward trend after hitting a new record high of US$2,531 an ounce on Tuesday, with investors waiting for clues from the Federal Reserve about interest rate cuts at its September meeting.
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 holds key rate at 2.50%
Published on 21/08/2024
» The Bank of Thailand (BoT) left its key interest rate unchanged for a fifth straight meeting on Wednesday, as widely expected, despite a sluggish economy and fiscal policy uncertainty after the Constitutional Court dismissed Srettha Thavisin as prime minister last week.