Bank of Thailand

Thailand and Mauritius Central Bank Rate Hikes

September 28, 2022

The Bank of Thailand’s policy rate was lifted 25 basis points as expected to 1.0%. That was the second such increase, the first being done just last months. At 1.0%, the rate remains 25 basis points less than Thailand’s pre-pandemic level of 1.25%. CPI inflation had climbed to 7.86% by August, but BOT officials project […] More

First Rate Hike Since Late 2018 in Thailand… More to Come

August 10, 2022

Thailand’s central bank finally climbed on the bandwagon of interest rate normalization. A 25-basis point hike today to 0.75% was the first increase since December 2018 when the policy rate was raised from 1.50% to 1.75%. By a 6-1 vote with one policymaker preferring to kick of tightening with a move of 50 basis points, […] More

U.S. CPI Heads Load of Price Data Released Today Around the World

August 10, 2022

Over ten price indices have been reported this Wednesday: German CPI inflation was confirmed at 7.5% in July, down from 7.6% in June and a 48-year high of 7.9% in May. The energy component subside to a still lofty 35.5% 12-month rate of increase, while food accelerated to 14.8% from 12.7% in the previous month. […] More

Revised U.S. and British GDP Figures, Record High PPI Reports, and a Big Czech Central Bank Rate Hike

December 22, 2021

Market activity so far this Wednesday has been less volatile than in recent days. The weighted DXY dollar index settled back 0.2% and was around overnight lows at theĀ  time of the U.S. stock market opening. The dollar has fallen 0.5% against the Australian dollar, Turkish lira and sterlingĀ  but just 0.2% relative to the […] More

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

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