Quote:
Originally Posted by gez
This is the actual truth of the matter I think. The $ is at a 14 year low to the £ with some analysts predicting a break through the $2 to the £ soon.
The £ still gets about 70.5 baht. Maybe this will increase if the baht is to remain tied to the $?
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A break of GBP/USD 2.0000 will not make the BoE happy - we are closing in on area where would start to anticipate postentail co-ordinated G-7 central bank intervention as this USD slide is beginning to accelarate - not desirable comming up into year end.
The THB at the moment is more linked to the CNY at the moment - USD/JPY has decoupled and is doing it own thing. PHP and THB both being muscled - so far CB intervention is doing little to slow the appreaciation. (Offshore O/N THB at 4.3% - onshore 5.22% - no credit market impact - yet).