>Analysts expect baht to test 32 as US dollar weakens further
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<The baht could appreciate to test 32 to the US dollar or strengthen even further, as the greenback is set to weaken further amid mounting pressure on the Federal Reserve to cut the US interest rate at its September meeting, according to analysts.
<Following the Bank of Thailand’s (BoT) policy rate cut of 25 basis points (bps), which would typically weaken the Thai currency, the baht moved in a range of 32.24-26 to the dollar in morning trade on Thursday, compared with Wednesday's close of 32.31 baht in offshore markets, according to Kasikorn Research Centre (K-Research).
<Most Asian currencies jumped on Thursday, led by the Indonesian rupiah and Malaysian ringgit, as the US dollar slipped to multi-week lows.
<“The baht and other regional currencies, along with the world’s major currencies, gained strength amid heavy selling of the dollar and a weakening US bond yield, both of which are pressured by the expectation that the Fed will cut rates at its September meeting,” said Kanjana Chockpisansin, head of the research, banking and financial sector at K-Research.
>Rare Earths Rally After Department Of Defense Sets A Price Floor
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<The global rare earth metals market has seen a whirlwind of developments in the past few weeks, sending ripples through both supply chains and pricing. A series of U.S. and Chinese policy moves, from Washington’s unprecedented price support for rare earth magnets to Beijing’s export curbs, continue to reshape this critical sector.
>On The High Seas, The Navy Is 3D-Printing Its Way Out Of Supply Chain Delays
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<The United States Navy is testing industrial-scale 3D printing systems it says could reshape the way it supplies and repairs its ships, aircraft and other equipment, particularly in remote or contested environments where weeks-long waits for parts are not an option.
<The demonstrations took place during Trident Warrior, an annual exercise in which the Navy trials advanced technologies under operational conditions. The event is designed to ensure only proven systems advance toward procurement, and it draws heavily on feedback from fleet personnel.
<Working alongside the Marine Corps, the Navy showcased 3D printing capabilities that are already in use, some installed in shipping container-sized mobile labs that can be deployed aboard vessels or sent to forward bases. The printers can produce parts ranging from a small hinge to a load-bearing titanium component, and in some cases deliver them off-site via drones or unmanned surface vessels, TheDefensePost.com reports.
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