News Forum - Thailand News Today | Baht continues surge against strong dollar

[Thaiger]

  With the US dollar strengthening and Thailand’s struggling economy, economic experts predict the baht to reach 38 to the dollar by the end of this year.  The head of capital markets research for Kasikorn Bank believes the baht will continue its instability along with the global money markets as a result of domestic and international factors. While the US dollar continues to grow in value against foreign currencies due to the hawkish continued federal fund rate hikes, the Bank of Thailand’s Monetary Policy Committee (MPC) is likely to boost its benchmark policy rate from 0.75% to 1% in a […]

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