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9th August 2008, 19:30
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#1 (permalink)
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been there done that
is.....
Regular User
Join Date: Jan 2007
Posts: 745
vCash: 500
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Really Nice Move By the US Dollar vs. the Baht
Anyone know how high we're going?
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Twice is too much.
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9th August 2008, 19:59
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#2 (permalink)
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esoteric1
is "Clutch"
Minister of Peace
Join Date: Sep 2005
Location: Earth
Posts: 23,846
vCash: 50
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Re: Really Nice Move By the US Dollar vs. the Baht
wonder if anyone in the currency trading crowd was able to cash in??
strikes me as an "unseen hand" in operation with a move like that....especially yesterday's move.
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9th August 2008, 20:32
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#3 (permalink)
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likewise
is.....
Charlie
Join Date: Sep 2005
Location: The Islands
Posts: 1,814
vCash: 500
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Re: Really Nice Move By the US Dollar vs. the Baht
I cashed in nicely on shorting yen pairs but am negative shorting USD against the GBP, however looking at the Dollar Index a correction is due, so no panic  .
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What's love got to do with it...........
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9th August 2008, 21:38
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#4 (permalink)
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rogerman
is trying to remember
going green
Join Date: Dec 2007
Location: whykickamoocow
Posts: 2,135
vCash: 496
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Re: Really Nice Move By the US Dollar vs. the Baht
I have to admit, that with having to send money home every month has been getting better each time i do it..... Have gained an extra $100 NZ from the first time i sent it..... May it long continue
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9th August 2008, 21:41
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#5 (permalink)
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BerryGoose
is written as a ten letter compound word.
Remember...108
Join Date: May 2008
Posts: 241
vCash: 500
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Re: Really Nice Move By the US Dollar vs. the Baht
Yes, it will top out at 36.6384. Glad I could help!
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9th August 2008, 21:55
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#6 (permalink)
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2Pac
is Living it large
Senior Member
Join Date: Jan 2006
Posts: 3,388
vCash: 12413279
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Re: Really Nice Move By the US Dollar vs. the Baht
Any Brits know what's the pound up to at the moment?
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9th August 2008, 22:58
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#7 (permalink)
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Rainmon
is.....
New Member
Join Date: May 2008
Location: Bangkok
Posts: 9
vCash: 500
Rep Power: 0 
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Re: Really Nice Move By the US Dollar vs. the Baht
dont think we will see much higher than 34.5 maybe 35 within the next 3-4 months
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9th August 2008, 23:19
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#8 (permalink)
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Capricious
is.....
Regular User
Join Date: Jun 2007
Posts: 1,233
vCash: 500
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Re: Really Nice Move By the US Dollar vs. the Baht
I managed to make around 700$ US from a transfer.
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10th August 2008, 11:33
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#9 (permalink)
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panhunger
is.....
Something Or Other...
Join Date: Aug 2004
Posts: 6,665
vCash: 500
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Re: Really Nice Move By the US Dollar vs. the Baht
IMHO, the USD will only significantly appreciate when the USA becomes serious about energy independent and serious about reducing the federal budget deficit...minor fluctuations will occur in the meantime...
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Post Office
By Charles Bukowski
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10th August 2008, 11:38
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#10 (permalink)
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lasher
is.....
Established User
Join Date: Jul 2008
Posts: 381
vCash: 500
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Re: Really Nice Move By the US Dollar vs. the Baht
Oil related. If it continues to fall, the dollar will strengthen. I'm really hoping oil bombs this week. Below 100 would be ace
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10th August 2008, 11:51
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#11 (permalink)
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russellsimpson
is.....
Senior Member
Join Date: Oct 2005
Location: Muskogee, Oklahoma, USA
Posts: 5,537
vCash: 31087
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Re: Really Nice Move By the US Dollar vs. the Baht
Hefty change in the Canadian dollar rate as well. I made several thousand Canadian Dollars (on paper anyway) over the last four days. Haven't really been watching the baht that closely. Interesting to speculate. With controls in Thailand I can't see it going more than 34.5 in the near term.
I'm hoping the Greenback continues to gain momentum. Decent CDN-Euro rates now as well.
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10th August 2008, 12:45
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#12 (permalink)
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likewise
is.....
Charlie
Join Date: Sep 2005
Location: The Islands
Posts: 1,814
vCash: 500
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Re: Really Nice Move By the US Dollar vs. the Baht
Quote:
Originally Posted by panhunger
IMHO, the USD will only significantly appreciate when the USA becomes serious about energy independent and serious about reducing the federal budget deficit...minor fluctuations will occur in the meantime...
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In the last 2 weeks USD gained a 1000 points against euro, I wouldn't call that minor fluctuation this is a USD correction. Mind you I still don't believe in USD appreciation but other majors are getting seriously hit by their economies so it might a bull time for USD. Who knows only time will tell and we can speculate in the mean time .
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10th August 2008, 14:03
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#13 (permalink)
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redhaze
is Jump up jump up and get down
!!!!!!!!!!!!!!!!!!!!!!!!!
Join Date: Aug 2007
Location: Quite sadly, Michigan USA
Posts: 1,110
vCash: 2483
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Re: Really Nice Move By the US Dollar vs. the Baht
Rule of thumb in markets:: Whenever something becomes conventional wisdom (ie "the dollar is never going to recover") that is exactly the time to do the opposite.
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10th August 2008, 18:47
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#14 (permalink)
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esoteric1
is "Clutch"
Minister of Peace
Join Date: Sep 2005
Location: Earth
Posts: 23,846
vCash: 50
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Re: Really Nice Move By the US Dollar vs. the Baht
^for someone in the postion to do it, being a 'contrarian' can pay off really well. 
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