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  1. #2801
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    U.S. Dollar Index (DXY)

    3 Month -3.81%

    https://www.marketwatch.com/investing/index/dxy

  2. #2802
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  3. #2803
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    Reckon a bit further weakening of baht is in order especially v AUD

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    ^
    Don't worry , I've have my team working on it , the Baht is going Dooooooooooooooooown

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  6. #2806
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    Quote Originally Posted by Iceman123 View Post
    Reckon a bit further weakening of baht is in order especially v AUD
    Sheesh Ice, you don't want much. All that Gold you dipped your toes in too - that's doing very nicely - nearly at the 1920 high.

  7. #2807
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    in todays market, it is more about capital preservation than trying to earn the big bucks.

    Gold is a safe haven and has done very well this year, I buy physical gold on the dips.

    The AUD is getting stronger v most currencies.

    The developed countries are now using modern monetary theory to just print more paper to keep kicking the can down the road.

    I can’t predict when any reset will occur but when faith flounders in any major fiat currency watch out - it will make the inflation of the 70’s seem like zero interest rates.

    Whatever happens it does not bode well for smaller fish, eg Thailand - their currency could go the way of the Venezuela’s of this world if they can not control the print runs.

  8. #2808
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    Quote Originally Posted by Iceman123 View Post
    The developed countries are now using modern monetary theory to just print more paper to keep kicking the can down the road.

    I can’t predict when any reset will occur but when faith flounders in any major fiat currency watch out - it will make the inflation of the 70’s seem like zero interest rates.
    Sausages was pontificating about Debt to GDP ratios on the Brexit thread - its all a game, there will reach a point where a re-set occurs. The capital markets are awash with money and debt - Merca keep adding a one to its trillion collection annually and as you say keeps kicking the can down the road but most so called first world countries are no better off, a very few aside - its why i found Sausages comment so funny like there is a massive difference between say 92% or 102% - then again he worked under labour so you can't expect much

  9. #2809
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    You are correct, and as long as the print run from the wealthier nations keep printing in step with each other it should mask the underlying problems for the time being.

    Australia is fairly well placed as its Govt debts are in better shape v UK and US, that gives me confidence in a strengthening AUD.

    Europe cannot join the print run as easily as countries In the EU have surrendered their fiat to central control.
    the PIGS could come back again to haunt Europe.

    The above is based on logic, so I should probably say at this stage that market manipulation can override any expected outcomes.

    Sausages loves to pontificate on many subjects, however in matters of finance he has proved himself to be a mental midget.

  10. #2810
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    The solution is to inflate our way out of this debt to GBP issue but that's been tried before many times and it can only go on so long. Eventually playing the money game with a very few countries in a CA surplus can only get played for so long until someone says enough and we won't pay 1/2 our tax receipts over to service a national debt that is nothing more than numbers held in a computer. Perhaps not in my lifetime.

  11. #2811
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  13. #2813
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    "Dillinger " Dillinaire " Dillinger "
    Free Dillinaire
    Our Leader


    CURRENCY DENOMINATION BUYING RATE SELLING RATE
    USDUnited States




    100



    31.70



    31.73
    50 31.70 31.73
    10 - 20 31.57 31.63
    5 31.47 31.63
    1 31.20 31.43


    GBPUnited Kingdom







    50






    40.35






    40.45
    20- 5 40.25 40.35


    EUREuropean Union







    500-100






    36.75






    36.85
    50 36.70 36.80
    20-5 36.65 36.80


    CHFSwitzerland







    1000 - 10






    34.20






    34.30


    AUDAustralia







    100 - 5






    22.45






    22.55


    JPYJapan







    10000 - 5000






    0.2970






    0.2980
    2000 - 1000 0.2960 0.2980



    MYRMalaysia








    100 - 50







    7.40







    7.43
    20 - 5 7.20 7.33
    I am not a liberator , Liberators do not exist , The people liberate themselves , Ernesto Che Guevara .
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  18. #2818
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    Ah, come on

    The Pound ain't worth that much




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    A year from now it could be 50-60, not because it's worth that much but if the rumblings take off the baht will swoon.

  20. #2820
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    Quote Originally Posted by jabir View Post
    A year from now it could be 50-60, not because it's worth that much but if the rumblings take off the baht will swoon.
    The £1 is still getting stronger


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  23. #2823
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    Thanks to the monetary central planners in the whole developed world , a creditor nation like Thailands currency is going to keep rising until the last punter can't afford to live.

    And the best currency out of all the majors is the Euro. The Seppo is the worst

  24. #2824
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  25. #2825
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    Thai central bank seen holding key rate at record low to preserve ammunition: Reuters poll

    Orathai Sriring
    August 3, 2020, 2:45 PM


    Thailand's central bank is seen at the Bank of Thailand in BangkokBy Orathai Sriring

    BANGKOK (Reuters) - Thailand's central bank is widely expected to leave its key interest rate unchanged at a record low after three cuts this year to help cushion the economic impact of the coronavirus pandemic, a Reuters poll showed.

    In the poll, 16 of 18 economists predicted the Bank of Thailand's Monetary Policy Committee (MPC) would hold its one-day repurchase rate at 0.50% for a second straight meeting.

    The other two economists saw a 25 basis-point cut to a fresh record low of 0.25%, citing economic shrinkage, falling consumer prices and a stubbornly strong baht .

    Most analysts think policymakers may want to save some ammunition while assessing risks and the effects of earlier support measures.

    "There are fixes needed with previous measures that have been rolled out, such as the drawdown in soft loans," said Kobsidthi Silpachai, head of capital market research at Kasikornbank. "It is the distribution of low rates that need to be addressed".

    Economic activity has picked up in recent weeks as a result of the government’s largely successful containment of COVID-19 so far, meaning there are "no pressing reasons for the BOT to use up its remaining ammunition," HSBC said in a note.

    The BOT has forecast Southeast Asia's second-largest economy will shrink by a record 8.1% this year but recently said there had been some improvement after the lockdown was eased.

    Economist Takit Chardcherdsak at Asia Plus Securities said the MPC might ease policy in the fourth quarter because of "unknown factors".
    Some analysts said the BOT is unlikely to take action before new governor Sethaput Suthiwart-Narueput, an MPC member and economic advisor to the prime minister, takes office in October.

    However, economist Tim Leelahaphan at Standard Chartered Bank forecast a quarter-point cut this week "amid a persistent economic contraction, negative inflation, a strong Thai baht and rising household debt".
    Majestically enthroned amid the vulgar herd

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