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The Thai baht weakened for the worst in 16 years to 37.20 baht per dollar.

Ms. Kanchana Chokpaisarnsilp Research Director Kasikorn Research Center revealed that today (September 21) The Thai baht depreciatesProof level 37.20 baht per dollar which is the levelweakThe best in nearly 16 years before returning to close at 37.14 baht per dollar. depreciated from the level The market closed yesterday at 37.01 baht per dollar.

fromThai bahtThe depreciation is also in line with the selling pressure of Asian currencies (includingyuan) generally, while the dollar is still supported by short-term US bond yields. before the Fed meeting which should signal the continued tightening of monetary policy

At the Fed meeting tonight Investors’ focus will be on the scale of this cycle of rate hikes, dot plots and a new set of Fed economic projections.

As for the frame of the movement of the baht tomorrow, it is expected at 37.00-37.30 baht per dollar.

The factor to be monitored is the response of the financial markets to the results of the meeting. and the strong signal from the Fed. The direction of the situation of foreign capitalyuan Including the monetary policy meeting of many central banks, including the Bank of Japan. Central Bank of Indonesia Central Bank of the Philippines Central Bank of Taiwan Swiss Central Bank and the Bank of England

Proofreading … Sure Silawong

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