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Monday, May 6, 2024

Bangkok Post – Baht to strengthen against US dollar

Fed expected to start cutting interest rates

People change money at a SuperRich currency exchange in Bangkok. (Photo: Pornprom Satrabhaya)

The baht could strengthen to 33 to the US dollar in the near term as the market is convinced the US Federal Reserve will start cutting interest rates by as early as March, bringing back fund inflows to the Thai currency.

The baht traded at 34.26-34.28 to the greenback on Wednesday,…

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