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Will UK or Swiss change interest rate decision?

Olymp Trade

Thai bourse climbed to the highest in more than 24 years at 1,652.51 points on Wednesday but could not break the resistance 1650 points. However SET opened lower from pressure of speculating and weaker industrial product in China. I think SET may boost hit a new high, if bank of Thailand may decrease the interest rate to stimulate the economy and Thai baht may be weaker for better export.
U.S. dollar seems recovering as it hold 4 week high against yen as well as it steady compared with the main currencies on Wednesday. However, today U.S. dollar may vary waiting for the inflation data (core CPI) at 19.30 GMT+7. In my opinion, there are many factors able to effect USD such as Fed meeting next week, tension on Korea peninsular and uncertainty politic so dollar may take time to recover.
Moreover, U.S. stock market closed higher yesterday but it may vary or open lower following Nikkei or investor may wait to see CPI. In my opinion investors still have eyes on North Korea tension so world stock markets in Asia, Europe and USA may cannot rise too high or vary, if North Korea will do any violence but Gold may rise back.
Today I suggest to focus on interest rate decision of 2 countries: Switzerland at 14.30 and UK at 18.00 GMT+7. I think they may not rise the interest because Swiss economy is growing well and United Kingdom may need to keep their good economy for going out of EU.

By Niramon Nitnitiphruet
Financial analyst Olymp Trade

Olymp Trade Review

Source: https://olymptrade.com
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