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News Forum - Thai baht could depreciate further against US dollar, says K-Research


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The Thai baht, already experiencing a downward trend, could further depreciate against the US dollar, potentially reaching 36 baht to a dollar, according to Kasikorn Research Centre (K-Research). This forecast is contingent upon robust US economic data, set to be released later this week, which could indicate a resilient US economy. Additionally, any delays in … …

The story Thai baht could depreciate further against US dollar, says K-Research as seen on Thaiger News.

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4 hours ago, Ramanathan.P said:

Good for Thai tourism industry. 

Good for Americans living here in Thailand. 👍

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On 1/26/2024 at 6:47 AM, Thaiger said:

The Thai baht, already experiencing a downward trend, could further depreciate against the US dollar, potentially reaching 36 baht to a dollar, according to Kasikorn Research Centre (K-Research). This forecast is contingent upon robust US economic data, set to be released later this week, which could indicate a resilient US economy. Additionally, any delays in … …

The story Thai baht could depreciate further against US dollar, says K-Research as seen on Thaiger News.

Read the full story

"The Thai baht, already experiencing a downward trend, could further depreciate against the US dollar, potentially reaching 36 baht to a dollar,"

It sure could.

If the analysts at K-Research could reliably predict currency values they would be currency traders not analysts.

Even still I hope it happens as they predict.

 

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