The post Thai Baht: Range-bound after inflation data against dollar – Commerzbank appeared on BitcoinEthereumNews.com.
Commerzbank’s Charlie Lay highlights that USD/THB edged higher as Thai inflation data support a steady policy stance. Lay links the move to expectations that the Bank of Thailand (BoT) will keep interest rates on hold at 1% through at least the next meeting. USD/THB trading near range highs “Thailand’s headline inflation eased for a second consecutive month in June to 2.4% yoy (Bloomberg consensus: 2.7%) from 2.8% in May. It remained comfortably within the Bank of Thailand’s (BoT) 1-3% target range. Year-to-date, it averaged 1.1%. Inflation has picked up steadily since April after posting negative readings from April 2025 to March 2026.” “It is expected to stay above 2% in the coming months and possibly throughout the second half, aided by the lower base last year. Food prices held steady at 1% yoy, at the same pace as May. Non-food prices moderated to 3.3% vs 4% previ
The post Apple Distributor In Thailand Cashes In On Consumer-Spending Recovery appeared on BitcoinEthereumNews.com.
This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here. Amid a gradual recovery in consumer spending, Com7, Thailand’s leading retailer of smartphones with a nearly 25% market share, is thriving. The company booked a 25% increase in net profit to 1.2 billion baht ($37 million) on a 13% rise in revenue to 24 billion baht for the first quarter of 2026 and said it expects to maintain double-digit revenue growth on the back of 100 new store openings this year. The uptick in Com7 shares gave cofounder Sura Khanittaweekul a nearly 40% boost to his wealth to $655 million, though that is still below his net worth of $670 million in 2022 when he first entered the ranks of the country richest. Starting out in 1996 with one store in Bangkok’s popular Pantip Plaza electronics mall, Com7 as of March had a network of 1,323 stores, including Studio7 Th
The post Thai Renewable Energy Producer Profits From Powering Up Data Centers appeared on BitcoinEthereumNews.com.
Gunkul Dhumrongpiyawut Gunkul Engineering This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here. Thailand’s bid to become a Southeast Asian data center hub powered by green energy has created a buzz about renewable power producer Gunkul Engineering, which has positioned itself to target the sector. Shares of the SET-listed company surged 160% in the past year, returning chairman Gunkul Dhumrongpiyawut to the list after a three-year hiatus. Run by his daughter Naruechon Dhumrongpiyawut as CEO, the company posted a 24% jump in net profit to 456 million baht ($14 million) on a similar increase in revenue to 2.6 billion baht in the first quarter of 2026. The company says it is actively bidding for large-scale engineering, procurement and construction contracts for renewable power plants and has an order backlog of over 100 billion baht. It e
The post Thailand’s Red Bull Rival Carabao Combats Export Dip With Sales Push On Home Turf appeared on BitcoinEthereumNews.com.
Sathien Sathientham Warach Pattayanan/Forbes Thailand This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here. Border tensions with Cambodia took a toll on Thai energy drink maker Carabao Group, which sells in more than 40 countries but derives nearly 40% of its export revenue from the bloc referred to as CLMV, or Cambodia, Laos, Myanmar and Vietnam. For 2025 the company reported an 18% drop in net profit to 2.3 billion baht ($70 million) on a 3% decline in sales to 11.8 billion baht, mainly due to a slide in exports, a trend that continued into the first quarter of this year. To offset the decline, Carabao ramped up marketing on its home turf. It also opened a new factory in Myanmar in September and is wooing consumers in Vietnam by sponsoring professional football clubs. In a May report, research analyst Wetid Tangjindakun a
The post Thailand’s 50 Richest 2026: Stock Rally Drives Combined Wealth Up 10% To $187 Billion appeared on BitcoinEthereumNews.com.
Sarath Ratanavadi Sirachai Arunrugstichai/Bloomberg This story is part of Forbes’ coverage of Thailand’s Richest 2026. See the full list here. Despite being buffeted by a border conflict with Cambodia, Thailand’s economy grew 2.4% in 2025 as domestic consumption slowly improved and exports picked up. A surging stock market helped to give a wealth boost to the country’s top 50 richest, whose combined fortunes expanded 10% to $187 billion. Nearly two-thirds of the tycoons on the list are richer this year. Chalerm Yoovidhya & family, owners of energy drink Red Bull, retain the top spot for the third consecutive year with a fortune of $47 billion. The beverage giant’s annual revenue rose more than 8% to €12.2 billion ($13.9 billion) in 2025 on worldwide sales of nearly 14 billion cans. The Chearavanont brothers of the Charoen Pokphand (CP) group hold on to the
The post Bitcoin Resumes Its Range Above $60,000 appeared on BitcoinEthereumNews.com.
// Price Reading time: 3 min Published: Jul 08, 2026 at 20:21 Updated: Jul 08, 2026 at 20:30 Bitcoin’s (BTC) price has moved back above the key $60,000 support level. BTC Price Long-Term Prediction: Ranging
Buyers pushed the price as high as $64,657 but were halted. Sellers then tried to drive the price down towards its vital support, but buyers held firm, keeping it confined to a range above $61,000. In other words, Bitcoin has maintained its sideways trend, rebounding above the 21-day SMA support but staying below the 50-day SMA barrier.
Today, the BTC price is slipping as sellers attempt to break the 21-day SMA support. On the downside, if sellers succeed, Bitcoin will fall towards its crucial support. If the current support holds, Bitcoin will continue to trade above $60,000. The largest cryptocurrency currently shows little clear potential for further gains. Bitcoin is at $62,062.
Technical
AI-driven inflation risks could lead to prolonged high interest rates, impacting economic growth and dampening risk asset attractiveness.
The post Federal Reserve cites AI demand as inflation risk in latest minutes appeared first on Crypto Briefing.
The post Breaking: FOMC Minutes lean toward higher-for-longer narrative appeared on BitcoinEthereumNews.com.
The June FOMC Minutes reinforced the Fed’s cautious approach as policymakers unanimously agreed to maintain interest rates unchanged while keeping a close eye on inflation risks. Although officials agreed that downside risks to the labour market had eased somewhat, they generally continued to view upside risks to inflation as elevated. Several participants warned that persistent price pressures could stem from stronger AI-related investment, higher tariffs or renewed tensions in the Middle East, with staff projections revised to show higher inflation in both 2026 and 2027 than previously expected. Importantly, a few policymakers judged that another rate hike could eventually become appropriate, although they still supported leaving policy unchanged at the June meeting. Almost all of those participants indicated that additional tightening would likely be warranted should inflatio
Rising interest rates could dampen economic growth, affect investment strategies, and alter market dynamics, impacting various sectors globally.
The post Federal Reserve weighs rate hikes amid inflation risks from tariffs, oil, and AI investment appeared first on Crypto Briefing.
