Mizuho Bank forecasts the Southeast Asian currency to slip to 33.6 per greenback by year-end as event risks such as the Bank of Thailand (BOT) and US Federal Reserve (US Fed) policy meets may weigh on the baht. The currency closed at 33.2 on Friday.
A decline in Thailand’s baht this month has spurred speculation that the currency’s rally may be ending as tensions grow between the nation’s government and its central bank.
The baht has weakened 2.7% against the dollar in October following its best quarter since the aftermath of the Asian Financial Crisis.
