Post by mangomoney on Jun 15, 2016 10:46:24 GMT 7
KBank predicts weaker baht
Fed rate rise, Brexit fears set to cause slide
Published: 15/06/2016 at 08:51 AM
Newspaper section: Business
Kasikornbank forecasts the baht will weaken to 37 to the US dollar by year-end on the back of the looming Federal Reserve interest rate increase and concerns that Britain will leave the EU.
Higher volatility of the baht is expected in the second half amid global economic uncertainties, said Kobsit Silpachai, head of the bank's capital market research department.
The baht is expected to retreat to 35.50 versus the greenback this month, 36 in the third quarter and 37 at the end of the year, he said.
...
Meanwhile, Kavee Chukitkasem, assistant managing director at Kasikorn Securities, said the company has revised up its SET index target for the end of this year to a range of 1,400 to 1,500 points from...
..
more...
www.bangkokpost.com/business/news/1010365/kbank-predicts-weaker-baht
Fed rate rise, Brexit fears set to cause slide
Published: 15/06/2016 at 08:51 AM
Newspaper section: Business
Kasikornbank forecasts the baht will weaken to 37 to the US dollar by year-end on the back of the looming Federal Reserve interest rate increase and concerns that Britain will leave the EU.
Higher volatility of the baht is expected in the second half amid global economic uncertainties, said Kobsit Silpachai, head of the bank's capital market research department.
The baht is expected to retreat to 35.50 versus the greenback this month, 36 in the third quarter and 37 at the end of the year, he said.
...
Meanwhile, Kavee Chukitkasem, assistant managing director at Kasikorn Securities, said the company has revised up its SET index target for the end of this year to a range of 1,400 to 1,500 points from...
..
more...
www.bangkokpost.com/business/news/1010365/kbank-predicts-weaker-baht
