Baht poised to dip further if Trump wins

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The baht will continue to depreciate amid ongoing outflows ahead of the US presidential election early next month to possibly trade below 34.50 baht to the dollar if the Republican candidate Donald Trump is victorious, says Kasikorn Research Centre (K-Research).

"All of those factors support the dollar strengthening compared to Asian currencies, including the renminbi [yuan]," Ms Kanjana added.

Republican presidential nominee and former US President Donald Trump speaks during a rally at Mullett Arena in Tempe, Arizona, the United States, on October 24, 2024.

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Article Details

Category: EconomyBusiness

Markets: ThailandUnited States

Topics: Bank Trade Republican Thailand Research Policy Thai Trump Rates Election Dollar

Source Website Secure: Yes (HTTPS)

News Sentiment: Positive

Fact Checked: Legitimate

Article Type: News Report

Published On: 2024-10-25 @ 04:45:00 (4 days ago)

News Timezone: GMT +8:00

News Source URL: bangkokpost.com

Language: English

Article Length: 453 words

Reading Time: 3 minutes read

Sentences: 15 lines

Sentence Length: 31 words per sentence (average)

Platforms: Desktop Web, Mobile Web, iOS App, Android App

Copyright Owner: © Bangkok Post

News ID: 23230790

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About Bangkok Post

Main Topics: EconomyBusiness

Official Website: bangkokpost.com

Update Frequency: 10 posts per day

Year Established: 1946

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Publisher ID: #66

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