An employee counts bundles of 1,000-baht banknotes at a gold shop in Yaowarat, Bangkok’s Chinatown. (Photo: Apichart Jinakul)
Despite recent appreciation, the baht remains under pressure to weaken and is expected to move in a range of 36-36.50 to the US dollar this month because of weak economic data, high exposure to rising freight costs, and rifts over interest rate cuts, say analysts.
After falling below 36 baht to the greenback on Wednesday, the Thai currency was…
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