Posts Tagged ‘Euro’

The Euro Hits Record High

Friday, September 1st, 2017

euro rises to record high - The Euro Hits Record High

The euro has hit $1.20 for the first time since January 2015 as the prospect of a US interest rate rise recedes.

The economic damage caused by “Hurricane Harvey” has led financial analysts to believe the US central bank will not want to risk curbing economic growth.

American experts say, a rise in interest rates tends to draw investors to a currency, taking advantage of the higher returns.

Meanwhile, the euro has itself been gaining against a range of currencies, as the economy improves in the eurozone.

Against the dollar, the euro has risen by almost 15% so far this year. In addition, the euro continues to strengthen against the UK pound and the Thai baht. 

I am no expert, but it might be time to buy some euros.

News Source – BBC News

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Is The Thai Baht On Steroids?

Friday, September 10th, 2010

An incredibly strong Thai baht continues to crush foreign currencies.  In particular, the American dollar has fallen to a record 13-year low.  The buying rate for 1 US dollar is now just 29.67 Thai baht.  This is bound to raise alarm bells.  The Euro has also nose dived and 1 Euro is now 38.62 Thai baht.  Some people in the financial sector feel that the Thai government should intervene.  Thai Prime Minister Abhisit Vejjajiva has warned that the Thai baht could well rise even further.  Below is a link to the full news report, plus a link to Bangkok Bank’s foreign exchange rates…

NEWS STORY – PM Abhisit Warns Baht May Rise Even Further

BANGKOK BANK – Bangkok Bank Foreign Exchange Rate Page

PATTAYA CITY NEWS – Two Killed By Canadian Drunk Driver

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DTR BANNER - Is The Thai Baht On Steroids?

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