Baht at 8-day low | Bangkok Post: news

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Baht hits 8-day low

Published: 12 Feb 2013 at 09.36
Online news: Local News

The baht dropped Tuesday to its lowest in more than a week on speculation the Bank of Thailand will cut interest rates next week to slow fund inflows that helped fuel a 2.3 per cent rally in the currency this year. Bonds fell.

Finance Minister Kittiratt Na-Ranong said Jan 25 that lower interest rates would discourage inflows into the country. He urged the central bank to employ measures to prevent the baht from rising or falling sharply.

There is concern the strong baht will hurt tourism and exports, he said Jan 31. The Bank of Thailand is to review interest rates on Feb 20.

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frogmarch
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Discussion 2 : 13 Feb 2013 at 00.352
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Japan’s Fukoku Kyohei Seppuku campaign to abolish postwar pacifist constitution and draw warring one to rile China, exhaust India, rebuke ASEAN and displease America policy ended off 3-1/2 month high Rupee. Manmohan Singh attempt to save rupee through $2b stake sale scam to lure foreign fund inflows between $300 million and $500 million for such flummox transaction is farfetched. Obama’s unprecedented lunch with the Deranged Republican Frugals to reduce federal budget will limit Bernanke’s power to print money outta thin air and dumped into Rupee lower market to grow into real Dollar. RBI devil-may-care red tapeworm on the rampage whiz
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frogmarch
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Discussion 1 : 12 Feb 2013 at 19.061
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Fukoku Kyohei seppuku campaign to migrate from pacifist to Waring constitution policy of japan has a lot of impact on Asean Currencies moreover Obama's unprecedented lunch with Republican Frugals to reduce US budget killed Dollars supply into lower market. Baht 29.89 per dollar that's dangerous neiborhood especially when the finish line is Baht 24.89 per dollar. bank of thailand needs some politics to save the Baht. Lets hope that Pu Yingluck Shinawatra learned her listen to ditch Thaksin Shinawatra diaspora and focus on Baht.
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