Thailand FX Reserve Weekly Fluctuation Just Noise, ING Says
Source: BFW (Bloomberg First Word)
People
Timothy Condon (ING Groep NV)
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UUID: 7947283
(Bloomberg) -- Thailand’s foreign-exchange reserves fell in the week ending October 14 by the most since June 2013; trend here.
Alert: HALISTER1- The reserves decreased 1.9% to $179.56b, according to data from BOT
- It looks like noise as they go up in one week and they go down as much in another week, Tim Condon, head of Asia research at ING says
- Don’t read into just one week move too much
- Baht last week dropped 1.3% before recovering 0.6% so far this week to 35.143 per dollar
Source: BFW (Bloomberg First Word)
People
Timothy Condon (ING Groep NV)
To de-activate this alert, click here
UUID: 7947283