Bonds halt gain on Fed stimulus exit
Thailand's five-year bonds halted a seven-week run of gains and the baht declined after the Federal Reserve ended its bond-buying programme, damping demand for emerging-market assets.
Published: 31/10/2014 at 12:35 PMWriter: Bloomberg News
The Federal Open Market Committee (FOMC) said in a statement this week that signs of improvement in the labour market meant it could end its record stimulus, while signalling the central bank is on course to raise interest rates next year. The Bank of Thailand reports last month's export numbers on Friday, after overseas shipments posted the sharpest contraction in August since November 2011. The Finance Ministry cut its 2014 growth forecast on Thursday.