Thai baht steady vs U.S. dollar at 0205 GMT
BANGKOK, Dec 12 (Reuters) -The Thai baht was steady in morning trade on Thursday as higher U.S. consumer prices supported the dollar while the Federal Reserve is expected to cut interest rates next week.
The baht was unchanged at 33.905 per dollar at 0205 GMT.
It has strengthened 0.6% against the dollar since the start of the year, making it Asia's second-strongest currency after the Malaysian ringgit MYR=.
Finance Minister Pichai Chunhavajira said on Wednesday Thailand's economy was expected to grow 4% in the final quarter of this year and expand 2.8% for the whole of 2024.
For emerging markets reports, click on: EMRG/FRX
For baht against other currencies, click on: THBX=
For gold spot prices, click on: XAU=
For Thailand market overview, click on: THBVIEW
Reporting by Thanadech Staporncharnchai; Editing by Martin Petty
Latest News
Disclaimer: The XM Group entities provide execution-only service and access to our Online Trading Facility, permitting a person to view and/or use the content available on or via the website, is not intended to change or expand on this, nor does it change or expand on this. Such access and use are always subject to: (i) Terms and Conditions; (ii) Risk Warnings; and (iii) Full Disclaimer. Such content is therefore provided as no more than general information. Particularly, please be aware that the contents of our Online Trading Facility are neither a solicitation, nor an offer to enter any transactions on the financial markets. Trading on any financial market involves a significant level of risk to your capital.
All material published on our Online Trading Facility is intended for educational/informational purposes only, and does not contain – nor should it be considered as containing – financial, investment tax or trading advice and recommendations; or a record of our trading prices; or an offer of, or solicitation for, a transaction in any financial instruments; or unsolicited financial promotions to you.
Any third-party content, as well as content prepared by XM, such as: opinions, news, research, analyses, prices and other information or links to third-party sites contained on this website are provided on an “as-is” basis, as general market commentary, and do not constitute investment advice. To the extent that any content is construed as investment research, you must note and accept that the content was not intended to and has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such, it would be considered as marketing communication under the relevant laws and regulations. Please ensure that you have read and understood our Notification on Non-Independent Investment. Research and Risk Warning concerning the foregoing information, which can be accessed here.
