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MOST Asian currencies posted weekly losses on Friday, as investors weighed shaky recovery in the world's second-largest economy and dwindling prospects of early interest rate cuts in the United States.
(Bloomberg) The escalating tug-of-war between Thai politicians and central bankers over interest-rate levels is clouding the outlook for local banks, setting the stage for a further exodus by foreign investors. Most Read from BloombergMusk’s $55 Billion Pay Package Voided, Threatening World’s Biggest FortuneMusk Says First Neuralink Patient Received Implant in BrainMicrosoft Sales Top Estimates; Cloud Growth Disappoints SomeTech Giants Slide in Late Trading After Earnings: Markets WrapByron A
The escalating tug-of-war between Thai politicians and central bankers over interest-rate levels is clouding the outlook for local banks, setting the stage for a further exodus by foreign investors. Prime Minister Srettha Thavisin and his top aides are ramping up pressure on the Bank of Thailand to cut rates…