Is Thailand's baht poised for a rebound?

Thailand’s baht may be poised for a rebound as analysts bet that growth measures announced by newly appointed Prime Minister Srettha Thavisin will bear fruit. Strategists at Ebury and Societe Generale SA expect the nation’s currency to rally to 34 per dollar by year-end, which is more than 5% stronger than the current level.

Does Thailand's current account support the baht?

Thailand’s current account is supportive of the baht while the nation’s real rates have turned firmly positive, he said. Bank of Thailand may provide another tailwind for the currency if it hikes its key rate by 25 basis points to 2.5% on Sept. 27, as forecast by economists in a Bloomberg survey.

Why did the Thai baht surge against the dollar?

Central bank defends policy as exports and tourism key to recovery from COVID BANGKOK -- The Thai baht surged against the dollar on Thursday, after the U.S. said the kingdom's currency practices needed closer scrutiny, prompting investors to take the view that government efforts to rein in a sustained appreciation of the baht could now be hampered.