PUBLISHED : 18 Nov 2023 at 04:00
The baht is expected to rise to 35 to the US dollar next week as the greenback weakens after investors forecast an end to Federal Reserve rate hikes.
The baht opened at 35.23 to the dollar on Thursday, strengthening from Wednesday’s close of 35.47.
Kobsidthi Silpachai, head of capital markets research at Kasikornbank, said the baht has been gaining this week, in line with a weakening dollar and declining 10-year US bond yield.
The Fed is expected to end its rate hikes for this cycle and start cutting rates next year, he said.
The market forecasts the Fed will…
