The Thai baht slipped today as political tension was mounting in Thailand and people were protesting against the current government, demanding the Prime Minister to step down.
Baht — News Archive
November 11th, 2013 at 15:20
Protests in Thailand were weighing on the baht as foreign investors were pulling out capital, concerned by the political unrest. Concerns about potential monetary tightening from the US Federal Reserve made the currency even weaker against the US dollar.
October 18th, 2013 at 13:34
Asian currencies rallied today as the debt crisis in the United States was resolved, at least temporary. Some of them kept gains, other retreated. The Thai baht was among losers.
September 12th, 2013 at 12:05
The Thai baht advanced today as signs of economic growth in China improved the investors’ risk sentiment, leading to increasing demand for assets of emerging economies.
August 09th, 2013 at 10:01
The Thai baht was rising because of the positive market sentiment, but was unable to keep gains and currently trades below the opening level against the US dollar.
July 18th, 2013 at 15:30
The Thai baht fell after rising initially. Currencies’ moves are somewhat volatile today as traders are trying to digest Chairman Ben Bernanke’s comments about the future policy of the US central bank.
May 29th, 2013 at 10:20
The Thai baht weakened today after the central bank eased its monetary policy on concerns about slowing economic growth.
May 28th, 2013 at 12:50
The Thai baht fell today, ahead of tomorrow’s central bank meeting, as persisting speculations about reduction of stimulus by the US Federal Reserve continued to undermine strength of riskier currencies.
The Thai baht advanced today, trading near the highest level since 1997. Other Asian currencies, except the yen, also advanced on foreign capital inflows.
The Thai baht gained today, reaching above 29 per dollar for the first time since 1997, as excessive quantitative easing in Japan led to capital inflows to other Asian nations, including Thailand.