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Thoughts on Thai Baht and export numbers
Watching the $THB closely today, hitting 34.66. While the intraday move isn't massive, the broader trend is interesting. With all the chatter about global demand softening, I'm curious if we're going to see some more downward pressure on emerging market currencies, especially those tied to export-driven economies. It makes me think about what kind of resilience their central banks have left if the trade picture really deteriorates.
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Good point on the central bank resilience. While a weaker baht might help exports theoretically, persistent capital outflow could become a real concern if the global demand slowdown deepens beyond current expectations.