Baht — News Archive


Baht Falls After Initial Gains

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.

Bank of Thailand Cuts Interest Rates, Baht Weakens

The Thai baht weakened today after the central bank eased its monetary policy on concerns about slowing economic growth.

Baht Weakens Ahead of Policy Meeting

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.

Baht Near Record Since 1997

The Thai baht advanced today, trading near the highest level since 1997. Other Asian currencies, except the yen, also advanced on foreign capital inflows.

Japan’s QE Leads to Stronger Thai Baht

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.

Thai Baht Weakens on Prospects for Intervention

The Thai baht went down today on speculations that policy makers will intervene to curb currency’s gains that may threaten the nation’s economy.

Thai Baht Weakened by Threat of Intervention

The Thai baht fell today on concerns that the Thai policy makers will intervene to curb appreciation of the currency, joining the so-called currency war.

Thai Baht Gains on Optimism Spurred by Obama’s Reelection

The Thai baht gained today as the reelection of Barack Obama as US President made investors believe that quantitative easing will persist and inflows into emerging markets will continue.

Baht Falls as Central Bank Cuts Growth Outlook

The Thai baht fell today as Thailand’s central bank cut its growth forecast for this year, spurring fears that the external negative influences would overcome domestic economic growth.

Baht Posts Biggest Weekly Drop in 2011

The Thai baht dropped today, posting the biggest weekly loss this year. Foreign investors reduced holdings of the nation’s shared on fears that the crisis in Europe would slow global economic growth.