Fed signal could continue dollar's slide

Quick Summary:

The baht, which has appreciated to a seven-month high past 33 to the dollar, could strengthen further if the Federal Reserve sends a clear signal at its meeting this week that it is prepared to cut the US rate at its next meeting in June, says Kasikorn Research Center (K-Research).

According to CME FedWatch Tool data on May 5, there was a 96% probability the Fed will keep rates at 4.25-4.50%.

According to Bloomberg, the Hong Kong Monetary Authority sold a record HK$60.5 billion ($7.8 billion) of the city's currency, after it tested the upper end of its trading band.

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Article Details

Category: EconomyBusiness

Markets: ThailandHong KongTaiwan

Topics: Sends Federal Rate Dollar Meeting Baht Clear Week Research Signal June

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-05-07 @ 06:15:00 (1 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 416 words

Reading Time: 3 minutes read

Sentences: 14 lines

Sentence Length: 30 words per sentence (average)

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Copyright Owner: © Bangkok Post

News ID: 28451394

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