A bank employee gathers baht notes at a branch of Kasikornbank in Bangkok. REUTERS
The rapid depreciation of the baht has helped stocks in the export sector, say analysts, warning the currency is under pressure to slide further, resulting in continued outflows from the Thai stock market.
Investors are advised to monitor US economic data that could influence investment and interest rate trends. For example, US inflation in January was higher than expected at 6.4%, prompting the market to predict the Federal Reserve will continue to ramp up rates, rising 0.25% at both its March and May meetings.
The forecast could lead to a fund exodus to buy dollars, making the…
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