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Baht Weakens Ahead of Policy Meeting

May 28, 2013 at 12:50 by Vladimir Vyun

Many Thai coins on a baht noteThe Thai baht fell today, ahead of tomorrow’s central bank meeting, as persisting speculations about reduction of stimulus by the US Federal Reserve continued to undermine strength of riskier currencies.

The Bank of Thailand will conduct its monetary policy meeting tomorrow. Analysts think that an interest rate cut is probable. Meanwhile, the Dollar Index advanced 0.2 percent to 83.865 as the greenback continued to rally, weakening other currencies.

USD/THB advanced 0.54 percent to 30.02 as of 12:46 GMT today.

If you have any questions, comments, or opinions regarding the Thai Baht, feel free to post them using the commentary form below.

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