Sporty Posted April 19, 2010 Report Share Posted April 19, 2010 [color:red]Fitch downgrades Thai currency outlook[/color] International ratings agency, Fitch Ratings on Monday downgraded Thailand's currency rating outlook to negative from stable Monday on political uncertainty due to the prolonged anti-government rallies. Fitch Ratings affirmed the long-term local currency rating for Thailand at "A-" and said Thailand's economic future remains gloomy due to unresolved political conflicts which hurts investment climate. http://www.nationmultimedia.com/home/Fitch-downgrades-Thai-currency-outlook-30127416.html Link to comment Share on other sites More sharing options...
Coss Posted April 19, 2010 Report Share Posted April 19, 2010 Bet the baht strengthens.... Link to comment Share on other sites More sharing options...
Julian2 Posted April 20, 2010 Report Share Posted April 20, 2010 It has to the AUD Coss. Which begs the question, is the economy getting trashed like the anti Red Shirt hysterics claim? And the USD>> Link to comment Share on other sites More sharing options...
torrenova Posted May 13, 2010 Report Share Posted May 13, 2010 As the USD is strong then the baht rises. Release the peg and watch it dance around. Trouble is Thailand has significant reserves at the moment. Link to comment Share on other sites More sharing options...
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