Thai Baht Strengthens against Dollars as Investors Weigh on Fed’s Rate Decision

The US dollars are depreciating against Thai baht as traders gauge the Federal Reserve’s path in hiking interest rates after Atlanta Fed President Raphael Bostic said that slow and steady would be appropriate.

The US dollars against Thai baht were -0.34% at THB 34.70 as of 17:04 BKK time on Friday, edging lower from over three-month high of THB 35.22 earlier this week.

Atlanta Fed President Raphael Bostic stated last night that slow and steady is going to be the appropriate course of action. His comment came despite new labour figures adding to the run of strong data as of late.

Meanwhile, the Dollar Index, which tracks the greenback against major currencies, dropped 0.27% to 104.745