wowpow
August 12th, 2006, 00:38
Tha Nation, Saturday
Reaches Bt37.27 as greenback weakens.
The baht rose to a six-year high of Bt37.27 against the dollar yesterday despite Bank of Thailand intervention. The rise was mainly caused by a weakening greenback after the US Federal Reserve earlier this week left a key interest rate unchanged for the first time in two years. Dealers expect the baht to shoot up to Bt36.50 by year-end.
The baht opened at Bt37.46 to Bt37.50 per dollar yesterday before hitting a peak during intra-day trading at Bt37.27, its highest level since 2000. The currency closed at Bt37.36 to Bt37.39.
Central bank assistant governor Nitaya Pibulratanagit said there was more than US$100 million (Bt3.74 billion) of short and long-term capital inflow yesterday....
more at http://www.nationmultimedia.com/2006/08 ... 010898.php (http://www.nationmultimedia.com/2006/08/12/business/business_30010898.php)
The US Dollar - Thai Baht over 5 years
http://img.photobucket.com/albums/v27/wowpow/5y-1.png
Reaches Bt37.27 as greenback weakens.
The baht rose to a six-year high of Bt37.27 against the dollar yesterday despite Bank of Thailand intervention. The rise was mainly caused by a weakening greenback after the US Federal Reserve earlier this week left a key interest rate unchanged for the first time in two years. Dealers expect the baht to shoot up to Bt36.50 by year-end.
The baht opened at Bt37.46 to Bt37.50 per dollar yesterday before hitting a peak during intra-day trading at Bt37.27, its highest level since 2000. The currency closed at Bt37.36 to Bt37.39.
Central bank assistant governor Nitaya Pibulratanagit said there was more than US$100 million (Bt3.74 billion) of short and long-term capital inflow yesterday....
more at http://www.nationmultimedia.com/2006/08 ... 010898.php (http://www.nationmultimedia.com/2006/08/12/business/business_30010898.php)
The US Dollar - Thai Baht over 5 years
http://img.photobucket.com/albums/v27/wowpow/5y-1.png