Gaybutton Posted May 26, 2010 Posted May 26, 2010 Baht weakens due to sharp sell-off Published: 26/05/2010 A sharp sell-off in stocks by foreign investors is pressuring the Thai baht to depreciate, Bank of Thailand's Financial Markets and Reserve Management Department senior director Wongwatoo Potirat said on Wednesday. "Foreign investors want to hold more dollars as they are worried about the public debt crisis in Europe and the North Korea and South Korea dispute," Ms Wongwatoo said. Baht weakens due to sharp sell-off Quote
KhorTose Posted May 26, 2010 Posted May 26, 2010 I got a kick out of this when I opened the forum page as the topic preview read, "Baht weakens due to sharp sell-off by Gaybutton. Gee how much money do you have? Quote
Gaybutton Posted May 26, 2010 Author Posted May 26, 2010 Gee how much money do you have? None. After I sold it off I invested in a company that prepares grasshoppers and moth larvae for people to eat . . . Quote
Guest Posted May 26, 2010 Posted May 26, 2010 Something reported as a "sharp sell off" frequently leads to a fraction of a percent move in the exchange rate. I learn not to take much notice of such exaggeration in headlines. Currently Quote
