Baht set to test its resistance level as dollar bounces back

Poon has also advised investors to beware of short-term bond sales if the rate of inflation is higher than expected. Investors expect the Monetary Policy Committee to increase the interest rate.

However, the currency’s weakening may be limited by exporters waiting to sell the baht at the key resistance level, and investors waiting to buy gold on dips.

Poon advises investors to use hedging tools like options to manage their risks in the highly volatile currency market.