Kasikornbank (KBank) forecasts the baht will weaken more than previously projected because of the US Federal Reserve's hawkish rate hikes.
KBank revised its baht projection to 35 against the US dollar at the end of this year from a previous forecast of 33.50 baht to the dollar. The adjustment is based on the Fed's tightening monetary policy, said Kobsidthi Silpachai, the bank's head of capital markets research.
