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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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It's a valid concern about the resilience of EM central banks, especially if global demand continues to soften. Do you think the recent tourist season in Thailand could provide enough counter-balance to the export numbers, or is it too small a factor?