Thai Baht: Overvaluation points to weakness against US Dollar – MUFG
MUFG’s Lloyd Chan notes that softer US inflation data has weakened the Dollar and lowered Fed rate hike expectations, but USD/THB has still broken above 33.50.
Read More »US Dollar Outlook: USD/SGD, USD/THB Eye China GDP as USD/IDR Faces Energy Crunch
The US Dollar may be at risk against ASEAN currencies as an energy crunch benefits the Indonesian Rupiah. USD/THB and USD/PHP face loosening Covid restrictions. All eyes on China GDP.
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