The baht opened at 36.23 to the US dollar on Thursday, the highest in six years, weakening from Wednesday’s close of 36.10. The currency is expected to move between 36.15 and 36.40 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. Poon said the dollar’s strengthening was an important factor that pressured the baht […]
Read MoreThailand’s weakening baht is being driven down by external factors and the central bank is closely monitoring the situation, Finance minister Arkhom Termpittayapaisith said, with the currency trading at its weakest level in more than five years against the dollar. There were no large capital outflows from the debt market, Mr Arkhom told reporters on […]
Read MoreAnalysts suggest adjusting portfolios and investing in defensive stocks such as healthcare and ICT to hedge against soaring consumer prices as inflation jumped to 7.66% in June, the highest in 14 years. The core inflation rate stood at 2.51%, the most since March 2012, giving the average six-month inflation rate during January to June at […]
Read MorePrice pressures will persist into the third quarter, the Commerce Ministry has admitted, after the country’s headline inflation rate hit a near-14-year high in June. The Trade Policy and Strategy Office under the Commerce Ministry reported on Tuesday that headline inflation, gauged by the consumer price index (CPI), rose 7.66% year-on-year from June 2021, accelerating […]
Read MoreLondon residential property remained attractive to Thai billionaires who eye an investment, with sales of 400 million baht expected over the next six weeks, according to property consultant Knight Frank Thailand. Frank Khan, the consultancy’s executive director, head of residential, said Thai billionaires were interested in London property purchases due to the weak pound and […]
Read MoreThe baht opened at 35.94 to the US dollar on Wednesday, the highest in five years, weakening from Tuesday’s close of 35.80. The currency is expected to move between 35.85 and 36.05 during the day, predicted Krungthai Bank market strategist Poon Panichpibool. He said the baht weakened quickly, closing in on the 36 level mainly […]
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