Currencies linked to commodities prices recovered after a rough few weeks, as oil steadied and Australia's central bank changed its tone.» Read More
Prasarn Trairatvorakul, governor of Bank of Thailand, says the current levels of Thai baht is "more in line" with regional currencies.
Thailand's economy continues to stumble even though the central bank has cut rates twice in a row. CNBC asks Prasarn Trairatvorakul, governor of Bank of Thailand, whether he is running out of options.
The U.S. dollar weakened against the euro on Thursday for the first time this week.
The dollar stepped back but held close to a two-week peak as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.
The dollar stepped backbut held close to a two-week peak as investors focused on the pace of the U.S. Federal Reserve's coming interest rate hikes.
The dollar made broad-based gains, recovering some ground after several weeks of selling that brought the greenback to more attractive levels.
The dollar clawed its way higher, recovering from almost four-month lows reached late last week on another surprisingly bad round of U.S. data.
The recently interrupted bull-run in the dollar has weighed heavily on company dividends, with global pay-outs slumping.
Barnabas Gan, analyst at OCBC, says government spending and improved tourist arrivals in Thailand have failed to offset slower growth in private consumption and exports.
Kobsidthi Silpachai, head of Capital Markets Research at Kasikornbank, outlines the weaknesses in Thailand's domestic economy.
Jeffrey Halley, head of Trading, Asia at Saxo Capital Markets, says below-view data will likely keep the Thai bath on the back foot and advises investors to short the currency against the euro or the yen.
The dollar fell to a 3-month low against the euro as disappointing data on factory activity and consumer sentiment spurred doubts about recovery.
The U.S. dollar traded lower against a currency basket after downward producer price data challenged hopes for better U.S. economic growth.
Venezuela’s black market exchange rate weakened below a key level on Thursday, as the bolivar’s decline steepened in the face of hyperinflation and a rapidly shrinking economy.
The U.S. dollar hit a more than three-month low against a basket of major currencies on Wednesday after weaker-than-expected U.S. retail sales data.
Fund managers invested in U.S. markets are still expecting the dollar to return to strength, with euro dollar parity still very much on the cards.
The dollar rose against the euro on renewed worries over a Greek exit from the eurozone, while the New Zealand dollar plunged against the greenback.
The dollar gained against the euro as a mixed U.S. jobs report stoked uncertainty over the health of the U.S. economy.
The dollar recovered against the euro after German bund yields retreated from their highs for the year.
The euro hit a ten-week peak, tracking European bond yields higher and benefiting from a sell-off in the dollar after weak U.S. jobs data