Thai central bank to promote yuan-baht trade settlement

The BOT has been cooperating with other Asian central banks to establish local currency settlement frameworks, which aim to encourage the use of regional currencies for trade, investment, and tourism.

ASEAN to Increase Local Currency Trade

ASEAN members have agreed to increase the use of local currency transactions and push for a better regional payment connectivity, in a move that could be seen as a continuing shift in de-dollarization in the region.

ASEAN Central Banks Consider Dropping US Dollar, Euro and Yen in favour of local currencies

ASEAN Finance Ministers and Central Bank Governors are meeting to discuss reducing dependence on major global currencies in favour of local currencies for financial transactions.

Developing Asia adapts to the dollar’s strength

A strong US dollar will likely continue for the near future and Asian economies need to prepare for a rough 2023

How to Trade the EUR/USD Currency Pair: Professional Tips

The behaviour of the EUR/USD pair is a kind of indicator showing the comparative condition of the US and EU economies. If the US economy steadily grows, and problems arise in the EU, the EUR/USD decreases.

How Strengthening Thai Assets Could Affect the Forex Market

Ever since Donald Trump was elected as the newest President of the USA, many Asian currencies have experienced a boost, including the Thai baht

Thai bath weakens on FED cuts

The US dollar has significantly strengthened against other currencies while the baht weakened to Bt32.33-32.35 against the dollar at the opening today – a decline in line with other currencies in the region.

Dollars go Home

Foreign capital starts flowing back to the United States, said Bank of Thailand governor Prasarn Trairatvorakul, following the improvement in the US economy.