Mitsubishi UFJ senior FX analyst Lloyd Chan says the Thai baht and other Asian
currencies are under pressure against the dollar as US interest rates are
expected to remain higher for longer. He warns this is likely to create
short-term downside for regional currencies, especially low-yielders, and the
bank maintains a negative view on recent baht moves. Chan added that although
the BOT expects stronger growth this year, concerns persist that expansion
remains slow and uneven.
