The US dollar is headed for its worst year since 2003.
Photo Credit: Getty Images The US dollar is on track for its worst annual performance in over two decades, declining nearly 10% this year, driven by investor expectations of further…
IMF: Dollar’s Share in Global Reserves Drops to 30-Year Low
According to the IMF, the US dollar’s share in global reserves has declined to its lowest point in nearly 30 years. In Q2, the dollar’s reserve share dropped 1.5% from…
Baht Reaches 19-Month Peak Against the US Dollar
The baht has surged to a 19-month high against the US dollar, boosted by a weakening dollar and profit-taking in gold. On Monday, the baht opened at 32.92 per dollar,…
Baht Set to Approach 34 Against the U.S. Dollar
The baht is trending toward appreciation against the dollar, potentially reaching 34 or even a stronger position in the near term, following a 13-month high achieved yesterday. This upward movement…
Baht freefall could hit 38
Economists credit the Thai currency’s movement to a stronger dollar Economists forecast the value of the baht could plunge to 38 to the US dollar this year, mainly attributed to…