Baht expected to strengthen to 21-month high

Breaking News April 17, 2017 16:33

By The Nation

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The baht is expected to range between 34.10 and 34.45 per US dollar this week after US President Donald Trump said the greenback was stronger than he had estimated and that the Federal Reserve should maintain its benchmark interest rate at current levels, according to the Bank of Ayudhya.

This would put the baht at its strongest level in 21 months, the bank said.

Meanwhile, the yen also hit its strongest point in five months after the US dropped a huge bomb on Afghanistan recently.

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