Posts Tagged ‘thailand’

Thailand Cuts 2014 Growth Outlook on Political Risk

by Christopher Lemieuxon January 16, 2014 4:50 pm BST
Thailand was cut its 2014 growth forecast for the second time in less than a month as ongoing political protests rage on. According to the Finance Ministry, gross domestic product may grow 3.1 percent, while the previous view on expansion was four percent that was reduced from 5.1 percent on December 26. Goldman Sachs lowered […]

Baht Strengthens Due to Lessening Political Violence

by Christopher Lemieuxon January 15, 2014 3:26 am BST
A series of peaceful protests and reports of no violence following the ousting of former Prime Minister Yingluck Shinawatra, the Thai baht hit the highest point in almost three months. Thai equities also got a boost after speculation that the Federal Reserve could refrain from tapering in January, which emerging markets have been sensitive to […]

Yingluck Dissolves Parliament, Baht Sees Resistance at 32

by Christopher Lemieuxon December 9, 2013 4:54 am BST
Thailand’s Prime Minister Yingluck Shinawatra will dissolve parliament as ongoing protests continue to mount pressure. Protests began as the Prime Minister was looking to pass a bill to grant amnesty for the criminal actions from her predecessor, Yingluck’s brother. The Thai baht gained on the dollar last week, but support for USDTHB remained at 32. The […]

Baht Outlook Bleak; USDTHB Spec. Trade

by Christopher Lemieuxon November 8, 2013 5:07 am BST
Political unrest in Thailand is creating a bleak outlook in the Thai baht as it is becoming Asia’s worst preforming currency this quarter. It is more than likely losses will continue and will bode well for the USDTHB. A new amnesty law for political offenses is sparking outrage by the Thai people, and overseas investors […]