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Baht volatility surpasses regional currencies amid US rate cut speculation
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The baht's volatility against the US dollar has reached 7.3% year-to-date, slightly below the Korean won's 7.4%, but higher than the Malaysian ringgit (5.5%), Indonesian rupiah (5.5%), Philippine peso (4.7%), Taiwanese dollar (4.1%), Singapore dollar (3.7%), and Vietnamese dong (2.4%); The US Dollar Index recorded a volatility rate of 5.3%; The baht fluctuated between 33.45 and 33.78 baht per dollar recently, influenced by global gold prices; On September 6, the baht hit a 19-month high of 33.49 against the dollar; As of September 9, the baht opened at 33.63 per dollar, down from 33.52 on September 6; K-Research forecasts the baht will range between 33.40 and 34.10 per dollar this week; Factors affecting the baht include new government economic policies, foreign fund flows, global gold prices, and US economic data; In August, US non-farm payrolls increased by 142,000, below the expected 160,000; TTB Analytics noted Thailand's gold imports are higher than other regional countries, with gold prices up 21% year-to-date.
#Baht #Volatility #UsDollar #GoldPrices #Thailand #Economy #Kresearch #TtbAnalytics #FederalReserve #Currency
https://aseannow.com/topic/1337807-baht-volatility-surpasses-regional-currencies-amid-us-rate-cut-speculation/ nostr.fmt.wiz.biz
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The baht's volatility against the US dollar has reached 7.3% year-to-date, slightly below the Korean won's 7.4%, but higher than the Malaysian ringgit (5.5%), Indonesian rupiah (5.5%), Philippine peso (4.7%), Taiwanese dollar (4.1%), Singapore dollar (3.7%), and Vietnamese dong (2.4%); The US Dollar Index recorded a volatility rate of 5.3%; The baht fluctuated between 33.45 and 33.78 baht per dollar recently, influenced by global gold prices; On September 6, the baht hit a 19-month high of 33.49 against the dollar; As of September 9, the baht opened at 33.63 per dollar, down from 33.52 on September 6; K-Research forecasts the baht will range between 33.40 and 34.10 per dollar this week; Factors affecting the baht include new government economic policies, foreign fund flows, global gold prices, and US economic data; In August, US non-farm payrolls increased by 142,000, below the expected 160,000; TTB Analytics noted Thailand's gold imports are higher than other regional countries, with gold prices up 21% year-to-date.
#Baht #Volatility #UsDollar #GoldPrices #Thailand #Economy #Kresearch #TtbAnalytics #FederalReserve #Currency
https://aseannow.com/topic/1337807-baht-volatility-surpasses-regional-currencies-amid-us-rate-cut-speculation/ nostr.fmt.wiz.biz