Fed’s comments rattle markets
Economists are warning the baht will weaken further throughout this month and next because of higher volatility in money and capital markets worldwide after the US Federal Reserve’s hawkish comments about its benchmark interest rate.
Poon Panitchpibun, money market strategist at Krungthai Global Markets, a research centre of Krungthai Bank, said the baht opened on Thursday at 36.25 to the US dollar, depreciating from the previous day’s close of 36.07.
During Wednesday…
