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Re: thai baht rate update
Some useful info for Bros:-
Once tapering starts, THB will weaken as JPY will strenghten against USD because:-
Many THAI larger co have USD debt, so must long USD and short THB when taper starts
and
JPY strengthen as Japanese co short THB against JPY
Many large THAI co with foreign ops now doing FX Swaps.
Not that I am "black hearted", but THB weakening in Bros favour.
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