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Baht set to rise further amid US worries

Americas 1 source 1 country 🔦 Under-reported 5m ago

The Thai baht and gold prices have reached their highest levels in nearly three months. Market analysts project that both assets will continue to appreciate as investor sentiment toward the US dollar remains weak.

This trend follows a failed attempt by the US Treasury to stabilize markets through a debt buyback program. Traders report that ongoing concerns regarding the United States' mounting national debt and persistent fiscal deficits continue to drive market anxiety and currency fluctuations.

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Read the full story at the source Bangkok Post · TH
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