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Thai baht may weaken if Trump wins US election

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Thai baht may weaken if Trump wins US election

 

Analysts predict the Thai baht could weaken further if Donald Trump wins the US presidency, possibly dropping below 34.50 against the dollar. The baht recently fell to 33.84 due to capital outflows, as stronger US bond yields and the dollar's performance impact regional currencies. Rising US Treasury yields and election uncertainties are driving investors towards safer assets like the dollar and gold. While Kasikorn Research forecasts US rate cuts, Thailand’s Monetary Policy Committee is expected to hold domestic rates steady, reflecting local economic conditions. Investors anticipate market recovery post-election.

Certainly contradicts current charts, showing the baht has been strong in the past 6 months, or USD weak (your choice).  Just a slight dip since Oct 1st.

 

Thai Baht to United States Dollar

image.png.7de0be88a63ff3ec4e3370742b53b3dd.png

 

Along with if history repeats itself, the USD will get weaker with another Trump administration.   Last administration he stared with USD / THB at shy of 35 / $1, and left office, with the USD / THB @ 30 / $1.

 

Think someone needs a new source of info for their op-ed :coffee1:

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