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Baht Weakens as Market Players Fear Fed Rate Hike

Baht Weakens as Dollar Appreciates Market players concerned about Fed rate hikes Mr. Poon Panichphiboon, money market strategist at Krungthai GLOBAL MARKETS, noted that the baht opened this morning at 35.64 baht per dollar, slightly weaker than the previous day’s close at 35.61 baht per dollar. Market analysts expect the baht to trade within the […]

The Baht Appreciates as Dollar Weakens and Gold Prices Rebound

Baht Appreciates as Dollar Weakens: Market Analysis Mr. Poon Panichphiboon, money market strategist at Krungthai GLOBAL MARKETS, Krung Thai Bank, revealed today (24th August) that the baht opened at 34.94 baht per dollar, appreciating from the previous day’s value of 35.06 baht per dollar. The baht is expected to fluctuate within the range of 34.75-35.05 […]