Baht Slides as Hawkish Fed Rattles Markets, Analysts See Further Depreciation Through Year End

Fed's comments rattle markets, causing the baht to slide further
Economists warn baht will weaken through October due to volatility after hawkish Fed statements
Baht may depreciate more than expected and remain weak longer with Fed's prolonged high rates
Baht also faces pressure from foreign investor selling of Thai assets in "risk-off" state
Business operators urged to hedge exchange rate risk as baht could fluctuate on uncertain factors
Analysts forecast baht in 36.15-36.50 range to dollar by year-end, revising from 34 on higher uncertainties

bangkokpost.com

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