Bank of Thailand
Dollar Strengthens on Day after Big Drop in Stocks
September 29, 2021
The DXY weighted dollar index rose 0.2% to an 11-month high overnight. Equities in the Pacific Rim picked up the baton from North America’s losing session the day before, dropping 2.1% in Japan, 1.8% in China, 1.9% in Taiwan, 1.2% in South Korea and 1.1% in Australia. However, European markets have mustered rebounds so far […] More
Expectations of Strong Growth Driving Financial Markets
May 5, 2021
The dollar rose by a marginal 0.1% overnight, gaining 0.2% against the Turkish lira and 0.1% versus the Mexican peso and euro, holding steady versu the yen, Swiss franc and yuan, and dipping 02% against the loonie and Australian dollar and by 0.1% vis-a-vis sterling. Markets remained close one more day in China (Labor Day) […] More
European March Purchasing Manager Surveys Show Healthier Growth than Expected but Perhaps Outdated Due to Worsening Covid There
March 24, 2021
The dollar strengthened in Asian trading, reaching its strongest trade-weighted level since Thanksgiving, but it has subsequently trimmed those gains. Compared to Tuesday closings, the dollar is up 0.3% relative to the Turkish lira and sterling and by 0.1% versus the euro, Swiss franc and DXY effective value. Dollar/yen is unchanged, and so are the […] More
Little Overnight Change in Dollar as Long-Term Rates Rise Further
February 3, 2021
Aside from declines of 0.6% and 0.3% against the New Zealand and Australian dollars, the U.S. currency’s net overnight movements have been minuscule including zero change versus the yen and yuan and upticks of 0.2% relative to the euro and a 0.1% versus the Swiss franc and sterling. Ten-year sovereign debt yields increased two basis […] More
Dollar Firms…. Trump Wants Big Changes in Pandemic Relief Bill
December 23, 2020
The dollar rose overnight by 0.5% against the Swiss franc, 0.4% versus the euro, Aussie and New Zealand currencies and Mexican peso, and 0.2% relative to the yen, loonie, and sterling. Stocks also rebounded, with Asian gains of 1.0% in India and South Korea, 0.9% in Hong Kong, 0.8% in China, 0.3% in Japan, and […] More
Covid News Proceeding on Two Tracks, While Dollar Slipping but Slows
November 18, 2020
There’s been more good news regarding Covid vaccine developments as Pfizer’s product, like Moderna’s, has been shown to be 95% effective. Before vaccines can be distributed widely, however, current spikes in cases and deaths point to a very difficult winter ahead for public health and economic activity. New U.S. cases and deaths yesterday approached 160,000 […] More
Firmer Tone Wednesday in Equities and the Dollar
September 23, 2020
European share prices so far today show gains of 2.1% in the U.K., 1.6% in Spain, 1.5% in France, 1.4% in Germany and 1.1% in Italy. Equities also rebounded 2.4% in Australia, 1.1% in New Zealand, and 0.7% in Singapore but dipped 0.1% in Japan whose market was closed Monday and Tuesday for holidays. U.S. […] More
Price of Oil Jumps and Dollar Falters
August 5, 2020
Overnight declines in the dollar amount to 1.0% against the Mexican peso, 0.9% versus the Australian dollar, 0.6% relative to the euro, Swiss franc and loonie, 0.5% vis-a-vis the kiwi, yuan and sterling and 0.2% against the yen. The price of WTI oil leaped 3.2%, partly in response to an enormous explosion at the port […] More
Investors Spooked by Faster Proliferation of New Covid-19 Cases in the United States
June 24, 2020
The year-to-date number of reported U.S. infections, 2.424 million, has climbed somewhat more than 36k in the past 24 hours and 216 thousand from a week ago. This has created doubt that economic reopening can proceed as planned, and even supporters of President Trump are starting to lose patience that he has the right stuff […] More
Thailand Gets Another Central Bank Interest Rate Cut
May 20, 2020
The Bank of Thailand has implemented its third 25-basis point policy interest rate cut of 2020 and fifth such move since August 2019. The one-week repo rate now becomes 0.50%. There were three dissenters on the policy-deciding 7-person committee who didn’t want this change. A released statement sets the context for this additional easing: ” […] More
