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Kasikornbank (KBank) forecasts the baht will weaken further against the US dollar by June 2021. The forecast cites dividend repatriation by foreign investors, with SET-listed companies expected to pay more than 18.7 billion baht in dividends during May 17-21.
KBank also points to Thailand's narrower current account surplus.
A weaker baht raises the baht cost of dollar-priced feed imports such as soybean meal and corn. Outflows from dividend payments are a near-term pressure on that currency.
thailandtv.newsThai NewsMay 21, 2021Not enough comparable past events yet for a historical read.
Moves of each commodity's benchmark from the last close before the event. Historical reads pool past events of the same kind; they describe what happened, not what will. Not investment advice.
