The Thai currency fell to 36.99 baht to the greenback on Thursday, the lowest in two months, from Wednesday's close of 36.82. The Thai currency fell to 36.99 baht to the greenback on Thursday, the lowest in two months, from Wednesday's close of 36.82. "We now see 37.25 baht to the dollar as a key resistance level for the baht," she told the Bangkok Post, adding a targeted range in the third quarter is 36-37 baht to the greenback. As the European Central Bank, Bank of England, Swiss National Bank and Bank of Canada have begun to trim their interest rates, all eyes are on the Federal Reserve as the US economy remains sound, he said. However, the Bank of Thailand is unlikely to cut interest rates this year, according to analysts.

Source: Bangkok Post June 28, 2024 04:43 UTC