Reported about 2 months ago
The Thai baht's recent rise is jeopardized by political instability as markets prepare for the Bank of Thailand's policy meeting. After hitting a two-year low in May, the baht rebounded due to tourism, but concerns arise following the election of new Prime Minister Paetongtarn Shinawatra. She may advocate for lower interest rates, complicating relations with the central bank, and potential cuts to a major digital cash program could add volatility. Analysts suggest that the baht might weaken further amid elevated household debt and economic uncertainty.
Source: YAHOO