Results 1 to 3 of 3

Thread: If

  1. #1
    Mid
    Mid is offline
    Thailand Expat
    Mid's Avatar
    Join Date
    Aug 2007
    Last Online
    @
    Posts
    1,413

    If

    Baht likely to strengthen further in 1st half of 2008: KRC

    BANGKOK, Jan 15 (TNA) The Thai baht is likely to further strengthen to touch 33 and 32.50 to the US dollar in the first half of this year and gradually weaken in the second half if the US economy recovers and the local political direction is clearer, according to Kasikorn Research Center (KRC).

    The leading think tank reported the baht value returned to draw public attention early this year since it continued to appreciate and reach a 10-year high at 33.12 to the dollar on January 14.

    The baht had strengthened in the same direction with other currencies amid the weakening of the US dollar upon concerns over the economic slowdown and the expected interest rate cut by the Federal Reserve to the baht is likely to further strengthen in the first half of this year due to the weakening of the greenback, heavy selling of the dollar by exporters, and appreciation of other currencies in the region.

    Should the baht continue to gain its strength from early this year, it believed, the currency would appreciate to touch 33 and 32.50 to the dollar in the first half of the year.

    However, KRC said the baht might begin to weaken in the second half of the year if the US economy recovered, which could make the dollar bounce back.

    At the same time, the political situation and economic stimulus package, expected to become clear in the second half of the year, might help restore private-sector confidence. It could help boost the stability of the baht.

    However, what should be monitored most closely is the new government's position towards the 30 per cent reserve requirement issued by the Bank of Thailand to help curb the volatility of the baht.

    KRC said the government's decision on the matter would have an impact on the international fund flow and the currency exchange rate. (TNA)-E005

    enews.mcot.net

  2. #2
    ding ding ding
    Spin's Avatar
    Join Date
    Jul 2006
    Last Online
    @
    Posts
    12,608
    Quote Originally Posted by Thai Genius at Kasikorn Research Centre
    Should the baht continue to gain its strength from early this year, it believed, the currency would appreciate to touch 33 and 32.50 to the dollar in the first half of the year.
    No shit sherlock, a 12 year old could predict this.

    Tell us what ur gonna do to improve the situation, not commentate poorly on the obvious.

    I wonder how many staff they have at the Kasikorn Research Centre who presuambly do fcuk all all day and then spit out rubbish like this piss poor press release.

  3. #3
    Mid
    Mid is offline
    Thailand Expat
    Mid's Avatar
    Join Date
    Aug 2007
    Last Online
    @
    Posts
    1,413
    gotta like the way , if the news is positive then strong fundamentals and if negative it's foreign influence .

Thread Information

Users Browsing this Thread

There are currently 1 users browsing this thread. (0 members and 1 guests)

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •