# Bank of England meeting ‘key’ to baht's value

> Credit Suisse Thailand advised investors with overseas exposure to swap baht into US dollars, forecasting two more Federal Reserve rate hikes this year. The baht was quoted at 34.52 per dollar, after hitting a 21-month high of 34.19 on April 17.

- Date: 2017-05-08 · published 2017-05-08T12:00:00.000Z
- Category: macro · region Thailand · magnitude low
- Page: https://feedsoft.ai/events/71255-bank-of-england-meeting-key-to-baht-s-value
- Commodities: [Thai Baht (THB per USD)](https://feedsoft.ai/c/USDTHB.md)

## Why it matters

Currency forecasts for the baht affect Thai buyers' purchasing power for dollar-priced feed imports, but this is a bank view rather than a new supply or demand event.

## Read by commodity

- USDTHB: bullish ▲

## Sources

- nationthailand.com: https://www.nationthailand.com/in-focus/30314602

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