USD/THB (THB=X)
| Previous Close | 36.7800 |
| Open | 36.7650 |
| Bid | 36.8000 |
| Day's Range | 36.7500 - 36.8880 |
| 52 Week Range | 33.4860 - 37.2300 |
| Ask | 36.8500 |
- Investing.com
Thailand's baht forecasted to strengthen, spurring economic growth
Economic strategists anticipate a potential resurgence of Thailand's national currency, the baht, driven by recent growth initiatives announced by Prime Minister Srettha Thavisin. According to predictions by Ebury and Societe Generale (OTC:SCGLY) SA on Monday, the baht is expected to strengthen by over 5% and reach 34 per dollar by the end of 2023.
- Reuters
FOREX-Dollar hits 5-week high on inflation worries; lira drops, baht soars
The U.S. dollar rose to a five-week high against major peers on Monday as the safe-haven currency benefited from inflation worries at home and growth concerns globally, extending gains after its biggest weekly increase since September. The Turkish lira sank to a two-month low after weekend elections looked headed for a runoff, while the Thai baht rallied almost 1% after Thailand's opposition routed military-allied parties also in weekend polls. The greenback was buoyed by a rise in Treasury yields after a survey of U.S. consumers' long-term inflation expectations jumped to the highest since 2011, putting a possible Federal Reserve rate hike next month back in play.
