The Thai baht has hit a six-year high, reaching 31.05 to the US dollar yesterday after the US Federal Reserve signalled possible interest rates cuts. The US Fed says their monetary easing would be in response to increased economic uncertainty and a drop in inflation expectations. The Thai currency is forecast to keep trading in a range of 31.15 to 31.25 to the US dollar. Journey of the USD-THB since the start of 2016 – xe.com At a meeting on Wednesday, the US Fed kept interest rates on hold in a 2.25-2.5 per cent target range, amid the trade tensions with China. That was enough to push the Baht to its highest since October 2013.
Read the article:
Thai Baht hits six year high – 31.05 to the US dollar
Keine Kommentare
There are currently no comments on Thai Baht hits six year high – 31.05 to the US dollar. Perhaps you would like to add one of your own?