Baht to strengthen, forecasts Bank of Ayudhya
Play
The Bank of Ayudhya, also known as Krungsri, forecasts the baht will strengthen against the US dollar to a range of Bt34.55 to Bt34.85, from Bt34.86 last week.
On Monday, the baht reached a five-month high against the US dollar after the US Federal Reserve’s decision to raise its benchmark interest rate by 25 basis points last week.
Foreign investors have been keen on the Thai bond market, with net purchases of Bt3.7 billion at the end of last week.
