Showing 1 - 10 of 233
Baht likely to face near-term volatility
Nareerat Wiriyapong, Published on 13/05/2024
» The baht is likely to be volatile in the near term, pending clear signs from the US Federal Reserve (Fed) concerning interest rate cuts, with the Thai currency expected to slide to 37.25 baht to the dollar within 1-3 months, bouncing back to 36 to the greenback by yearend, says Kasikorn Research Centre (K-Research).
Gold traders eye $2,500 this year amid frenzied buying
Business, Nareerat Wiriyapong, Published on 07/05/2024
» Local gold traders say global prices remain on course to reach US$2,500 per ounce in the second half of 2024, after slipping below $2,300 recently, although the market lowered expectations for US interest rate cuts to a maximum of two times this year, down from 3-4 earlier.
Analysts trim growth for this year and next
Business, Nareerat Wiriyapong, Published on 04/05/2024
» Analysts are downgrading GDP growth estimates for this year and next as the export outlook turns patchy, the manufacturing slump deepens, the tourism recovery is uneven and the likelihood of interest rate cuts by the Bank of Thailand this year seems limited.
ASPS sees interest rate cut in June
Business, Nareerat Wiriyapong, Published on 24/04/2024
» The Bank of Thailand is expected to cut interest rates only once this year, at its June meeting, propping up the Stock Exchange of Thailand (SET) index from a low of about 1,350 points at present to a high of 1,450 points this quarter, according to Asia Plus Securities (ASPS).
War worries put pressure on baht
Business, Nareerat Wiriyapong, Published on 23/04/2024
» The baht could weaken to around 37.20 baht to the US dollar later this week from its six-month low of 36.9 baht on Monday due to continuing concerns over the conflict in the Middle East, while US economic figures due this week are likely to support dollar strength, says Kasikorn Research Centre (K-Research).
Gold price peaks as SET index dips
Business, Nareerat Wiriyapong, Published on 20/04/2024
» Domestic prices of gold reached a new record high of 42,000 baht per baht-weight early Friday as the Stock of Thailand (SET) index sunk to a three-year low of less than 1,350 points, with unease in the Middle East sending investors rushing to safe assets.
K-Research expects central bank to stay the course on rates
Business, Nareerat Wiriyapong, Published on 04/04/2024
» Despite growing market anticipation of monetary policy easing, Kasikorn Research Center (K-Research) is ruling out the possibility of a Bank of Thailand (BoT) policy rate cut at its April 10 meeting amid growing concerns about a weakening baht.
Association predicts gold hitting 40,000 baht in H2
Business, Nareerat Wiriyapong, Published on 29/03/2024
» Domestic gold prices could hit 40,000 baht per baht-weight after the Federal Reserve cuts interest rates later this year, according to the Gold Traders Association (GTA), as the price reached a new high of 37,950 baht on Thursday, approaching the group's previous target of 38,000 baht.
Making sense of the uptick for Bitcoin
Business, Nareerat Wiriyapong, Published on 28/03/2024
» Before this year, investors predicted the prices of cryptocurrencies could surge in 2024 because of the Bitcoin halving, an event that rewards mining that occurs every four years, as well as the likelihood of interest rate cuts, which benefit most asset classes.
K-Research expects more baht depreciation
Business, Nareerat Wiriyapong, Published on 20/03/2024
» The baht is expected to slide further after falling below 36 to the US dollar yesterday as the Bank of Japan opted to hike the interest rate for the first time in 17 years, which failed to help Asian currencies.