# KBank sees diminished baht - Thailandtv.news

> 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.

- Date: 2021-05-21 · published 2021-05-21T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/47359-kbank-sees-diminished-baht-thailandtv-news
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

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.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- thailandtv.news: https://thailandtv.news/kbank-sees-diminished-baht/

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Data from Feedsoft AI (https://feedsoft.ai/). For information only; not investment advice.