Showing 1 - 10 of 16
Baht volatility against the dollar exceeds regional peers
Business, Somruedi Banchongduang, Published on 10/09/2024
» The baht has been exhibiting a greater degree of volatility against the US dollar than its regional peers, mainly due to market expectations of a US policy rate cut and Thailand's gold imports.
Improved economic data in July
Business, Somruedi Banchongduang, Published on 31/08/2024
» Economic data in July improved from the previous month, mainly attributed to exports and tourism, according to the Bank of Thailand.
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.
Baht faces volatility with US under pressure to cut rates
Business, Somruedi Banchongduang, Published on 07/08/2024
» The baht is expected to experience higher volatility and a weaker trend this week, pressured by uncertainties surrounding the US dollar and the Federal Reserve's monetary policy direction.
BoT: Baht to reverse course in H2
Business, Somruedi Banchongduang, Published on 01/05/2024
» The baht depreciation softened in April, supported by the Thai economy's improving momentum, while a central bank executive expects the local currency to strengthen in the second half of this year.
Pundits predict BoT rate cut in H2
Business, Somruedi Banchongduang, Published on 09/01/2024
» Economists predict the Bank of Thailand (BoT) will start to cut its policy rate in the second half to 2% in line with the country's economic situation and based on the assumption of a United States Federal Reserve (Fed) policy rate cut in the second quarter.
CIMBT eyes growth in wealth segment
Business, Somruedi Banchongduang, Published on 20/12/2023
» CIMB Thai Bank (CIMBT) is planning an aggressive expansion of its wealth segment next year, targeting double-digit growth for the new client base.
Baht set to rise next week
Business, Somruedi Banchongduang, Published on 18/11/2023
» The baht is expected to rise to 35 to the US dollar next week as the greenback weakens after investors forecast an end to Federal Reserve rate hikes.
BoT backs fiscal consolidation amid rising debt
Business, Somruedi Banchongduang, Published on 31/10/2023
» The Bank of Thailand supports fiscal consolidation in line with recommendations by the International Monetary Fund (IMF) to strengthen Thailand's economic resilience in the long term amid higher global uncertainties.
Governor says BoT poised to handle baht volatility
Business, Somruedi Banchongduang, Published on 05/10/2023
» The Bank of Thailand is ready to handle baht volatility if fluctuations exceed the country's economic fundamentals, says the central bank's chief.