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MainNews & Announcements – China revalues the Yuan All Topics

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Broken Leg
http://today.reuters.com/news/newsArticle.aspx?type=topNews&storyID=2005-07-21T144741Z_01_PEK350779_RTRIDST_0_NEWS-ECONOMY-CHINA-DC.XML

Some of you might say what the f*** has this got to do with Thailand, well possibly quite a bit. The baht traded up over 1 baht today to about 41.20 aginst the USD on this news, and could well have long term baht implications.


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Posted on: 3:32 pm on July 21, 2005
yodsaker

Quote: from Broken Leg on 5:44 pm on July 22, 2005
http://today.reuters.com/news/newsArticle.aspx?type=topNews&storyID=2005-07-21T144741Z_01_PEK350779_RTRIDST_0_NEWS-ECONOMY-CHINA-DC.XML

Some of you might say what the f*** has this got to do with Thailand, well possibly quite a bit. The baht traded up over 1 baht today to about 41.20 aginst the USD on this news, and could well have long term baht implications.


BL, don't you mean it traded down as it now takes one more THB to buy a US$?


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Posted on: 4:32 pm on July 21, 2005
Broken Leg
At the beginning today it was 42.2 baht to a dollar so I mean the baht traded up bacause it is stronger against the dollar - less baht to buy 1 dollar, I am suggesting this could have implications for the thai baht in that the baht will gain and become stronger from the revauation.


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Posted on: 5:09 pm on July 21, 2005
BigDUSA
With the cost of energy going thru the roof, Thai economy doesn't have strength and depth to weather the coming storm. Thai Baht goes to 45+ to the USD.

Then again I could be wrong. I'm just a guy looking for cheap pussy.


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Posted on: 5:57 pm on July 21, 2005
DaffyDuck

Quote: from Broken Leg on 5:21 am on July 22, 2005
At the beginning today it was 42.2 baht to a dollar so I mean the baht traded up bacause it is stronger against the dollar


f***! Damn the Chinese - or rather. 'Damn the Americans' since they are the ones who pressured for this. Clearly. nothing good can come off this for us.


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Posted on: 9:53 pm on July 21, 2005
ftumch
Got to agree with Big D there. In addition to the fuel cost problem (what were they thinking!), there is the water shortage (certain industries in the Eastern Seaboard are having to reduce operations to 60% of capacity), Thaksin's profligate spending program and a massive Current Account Deficit. IMHO a 2% RMB revaluation is going to be only a temporary respite for the Baht. It will continue its recent plunge and could well hit 45 by the end of the year.
I hope so anyway. Everything 10% cheaper. Lovely jubblies.


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Posted on: 11:19 pm on July 21, 2005
Brocher
Dunno about the Yuan but you've got my vote for the widest post in a long time, crikey!


Cheerio
PS: No wide post jokes please!


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Posted on: 3:27 am on July 22, 2005
yodsaker
baht isn't going anywhere, its a bozo currency and the thai economy is a house of cards.
the chinese threw the us a bone is all.
nobody bullies china into anything they don't want to do unless its in their own interest.
they are holding upwards of US$230 billion of US Treasury paper, financing us consumers debt.


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Posted on: 12:43 am on July 23, 2005
ftumch

Quote: from yodsaker on 12:55 pm on July 23, 2005
baht isn't going anywhere, its a bozo currency and the thai economy is a house of cards.
the chinese threw the us a bone is all.
nobody bullies china into anything they don't want to do unless its in their own interest.
they are holding upwards of US$230 billion of US Treasury paper, financing us consumers debt.


Agreed. That's why I think the baht's heading south.


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Posted on: 12:48 am on July 23, 2005
harold444
usa sex tourist who cum to bkk couldnt care less if dollar go up or down 20%- 30% versus baht. thai girls still worth it.........................lol.


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Posted on: 1:04 am on July 23, 2005
     

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