The baht will weaken further throughout this month because of higher volatility in money and capital markets worldwide, according to economists. (Bangkok Post file photo)
Economists are warning the baht will weaken further throughout this month because of higher volatility in money and capital markets worldwide after the US Federal Reserve’s hawkish benchmark interest rate hike.
Krungthai Compass, a research house under Krungthai Bank, forecasts the baht will dip to high-34 to mid-35 against the US dollar by the end of this month.
The baht depreciation is attributed to higher volatility of the global equity markets and digital assets, said Phacharaphot Nuntramas, chief economist of the research centre.
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