Thai Baht Weakens as BoT Holds Rate, Signals Caution
The Bank of Thailand kept its policy rate at 1.0%, adopting a cautious stance focused on growth risks. USD/THB advanced for five consecutive sessions, rising 0.9%.
USDTHB
Commerzbank notes that the Bank of Thailand (BoT) left its policy rate unchanged at 1.0%, signaling a cautious approach that prioritizes growth risks over inflation concerns.
The Thai baht has weakened against the dollar, with USD/THB rising for five straight sessions and gaining 0.9% over that period. The central bank's hold and dovish tone continue to weigh on the currency.
Source: FXStreet Forex News