Federal Reserve
- Business News
Baht to hit 37.25 per US dollar amid global currency slump
The Thai baht is expected to plummet to 37.25 against the US dollar in the near future, as Asian currencies have weakened to their lowest levels since 2022. This decline is driven by ongoing global volatility and outflows from Thai stock and bond markets amid uncertainty surrounding US interest rate cuts, according to economists. The Thai currency yesterday dropped to…
- Business News
Golden stability: Prices hold firm above US$2,300 despite brief dip
With a steady hold above US$2,300 during the early days of May, gold prices remained relatively unchanged, following a brief dip to the lowest level since the start of April. The first half of this year is anticipated to experience intense volatility in prices owing to factors such as the US economic health, global interest rate fluctuations, and the Middle…
- Business News
Crypto market dips as investors await Federal Reserve meeting
A slump in the crypto market was witnessed today with Bitcoin and other smaller tokens such as Ether, BNB and XRP experiencing a drop in value. Speculators tread cautiously in anticipation of the Federal Reserve meeting this week, which could potentially suggest extended periods of increased interest rates. Bitcoin, the most significant digital asset, fell to its lowest value in…
- Business News
Gold soars to unprecedented heights amid geopolitical tensions
As the second quarter of the year commences, gold has reached unprecedented heights, thanks to geopolitical tensions and the Federal Reserve’s impending rate cuts. The precious metal’s price soared to as high as US$2,259.69 per ounce, marking an increase of 1.3% from its value at the end of last week. The Federal Reserve’s preferred measure of core inflation, the core…
